Rs 250 crore order book: This micro-cap company receives order worth Rs 9,36,23,500 from National Highways Authority of India!
The stock is up by 55 per cent in 2 years and gave multibagger returns of over 160 per cent in 3 years.
Dhruv Consultancy Services Ltd (BSE Script Code: 541302: NSE Script Code: DHRUV), one of the leading infrastructure consultancy companies in India, informed that the company have received an order worth Rs 9,36,23,500 from the National Highways Authority of India.
The order includes consultancy services for independent engineer services for the supervision of the development of a six-lane access-controlled greenfield highway from Chandrasekhara Puram to Muppavaram of Bengaluru Vijayawada Economic Corridor on HAM Mode under Bharat Mala Pari yojana Phase – 1 in the State of Andhra Pradesh.
Earlier, the company announced Quarterly Results ended June 30, 2023, wherein the net sales decreased by 35.90 per cent to Rs 11.32 crore, the operating profit increased by 89 per cent to Rs 2.57 crore and the net profit increased by 98 per cent to Rs 0.89 crore in Q1FY24 over Q1FY23. The company's current order book stands at over Rs 250 crore including orders received in Q1FY24.
Dhruv Consultancy Services Limited provides infrastructure construction and consultancy services. The company offers surveys, investigations, estimating and costing, traffic analysis, engineering, land acquisition proposals, bridge inspection, and supervision services. Dhruv Consultancy Services serves highways, bridges, tunnels, ports, and architectural sectors in India. The company had a market cap of over Rs 75 crore.
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On Thursday, shares of Dhruv Consultancy Services zoomed 2.59 per cent to Rs 51.11 per share with an intraday high of Rs 51.30 and an intraday low of Rs 49.90. The stock is up by 55 per cent in 2 years and gave multibagger returns of over 160 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.