Stock below Rs 50: This small-cap construction company receives multiple orders worth Rs 1,83,60,76,057.10!

Today, shares of the company saw a spurt in volume by more than 3.75 times on BSE.

Today, shares of RPP Infra Projects Ltd surged 13.04 per cent from its previous closing of Rs 41 to Rs 46.35 per share. The stock has a 52-week high of Rs 55 and a 52-week low is Rs 29.60. 

Recently, RPP Infra Projects Ltd informed the exchanges (NSE & BSE) that it has received multiple orders aggregating to Rs 1,83,60,76,057.10 crore for construction of Integrated Storm Water Drain Works in M1 & M2 Components in Kovalam Basin for the contract price of areas in Greater Chennai. Corporation Package 4 project worth is Rs 70,50,75,128.30, Corporation Package 5 project is worth Rs 53,17,38,859.70 and Corporation Package 8 project is worth Rs 59,92,62,069.10,  covering various streets of zone 12 & 14. All the projects are expected to be completed within 24 months from the appointed date. 

RPP Infra Projects Limited was incorporated in 1995. It is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and waste management. Today, shares of the company saw a spurt in volume by more than 3.75 times on BSE.

Talking about the financials, RPP Infra Projects has a market cap of Rs 165 crore. The company reported positive numbers in its Quarterly Results (Q3). In Q3FY23 net sales increased by 9.04 per cent and net profit skyrocketed by 61.58 per cent, compared to Q3FY22. The company's stock has returned 6.8 per cent over the past 5 days and 16.61 per cent over the past six months. Investors should keep this Small-Cap construction stock on their watch list.