Rs 11,180 crore order book: Civil construction company bags new order worth Rs 1,094.67 crore from DLF City Centre Ltd
The stock is up by 66 per cent from its 52-week low of Rs 649.40 per share and gave multibagger returns of 210 per cent in 3 years.
Ahluwalia Contracts (India) Limited has secured a domestic order from DLF City Centre Ltd for the construction of civil & composite steel structural works, including rough finishing works for Block 5, 6, and 7 at Downtown, Phase-2, Sector-25A Gurugram. The contract is valued at Rs 1,094.67 Crores (excluding GST & Labour Cess) and is expected to be executed over 21 months. This commercial complex project will be Ahluwalia Contracts' latest addition to its portfolio of domestic projects.
Order Book Update: The company have an order book of Rs 11,180 crore as of June 30, 2024, to be executed in the next 2 to 2.5 years.
Ahluwalia Contracts (India) Limited is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India. Additionally, the company has experience in working on residential, commercial, power plants, hospitals, hotels, IT parks, Metro stations & depots, etc. for Government as well as private clients. The company has a market cap of over Rs 7,200 crore.
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On Monday, shares of Ahluwalia Contracts (India) Limited plunged 0.37 per cent to Rs 1,076.85 per share with an intraday high of Rs 1,123.45 and an intraday low of Rs 1,069.90. The stock has a 52-week high of Rs 1,540 and a 52-week low of Rs 649.40.
The stock is up by 66 per cent from its 52-week low of Rs 649.40 per share and gave multibagger returns of 210 per cent in 3 years. Investors should keep an eye on this Small-Cap stock under their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.