Rs 2,854 crore order book and 400 per cent returns: This multibagger penny stock under Rs 80 bags a new work order worth Rs 356.78 crore!

Shares of the company jumped more than 100 per cent in the last 6 months.

Vascon Engineers Limited has secured a Letter of Intent from the Pimpri Chinchwad Municipal Corporation for the construction of a general hospital building in Moshi, Pimpri-Chinchwad, Pune. The project, worth Rs. 356.78 crores (excluding GST), is to be completed within 36 months from the date of acceptance.

The company posted flat Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 217.10 crore which decreased by 0.11 per cent YoY. The operating profit of the company stood at Rs 10.49 crore, while the PAT of the company stood at Rs 4.67 crore, which decreased by 35.05 per cent.

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Vascon Engineers Limited, established in 1986, is a Construction Engineering Company in India with a presence in the Real Estate business having an asset-light model and Clean Room Partition manufacturing business. The company has executed over 200 projects with a construction area of over 50 Mn Sq Ft.

The stock has given multibagger returns of over 400 per cent during the last three years. The company also has a strong order book of Rs 2,854 crore.

Today, the stock opened at Rs 79.00, with a high and low of Rs 80.58 and Rs 77.17. The stock is currently trading at Rs 77.17, up by 3.39 per cent. The stock has a 52-week high of Rs 84.50 and a 52-week low of Rs 23.83.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.