Stock below Rs 60: Company declares a dividend of 2.5 per cent for the first time ever; with Rs 250 crore order book!
The stock is up by 70 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, announced that the Board of Directors has declared an Interim dividend of 2.5 per cent or Rs 0.25 per equity share of Rs 10 each of the company for the financial year 2023-24. The Record date of September 5, 2023, fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The payment date {last date) of the said interim dividend shall be September 26, 2023.
Earlier, the company received an order along with Eng Advisory Services Private Limited and in association with Transtek Engineers and Services Private Limited worth Rs 6,61,20,000 from the National Highway Authority of India (NHAI). The order includes Independent Engineering Services for the work of Construction and Upgradation to Four Lane from Siwan to Mashrakh of NH-227A including the construction of Four Lane Tanrwa/Siwan Bypone of NH 531 in the State of Bihar on HAM Mode and will be completed in 48 months from LOI.
Additionally, the company announced Quarterly Results ended June 30, 2023, wherein the net sales decreased by 35.90 per cent to Rs 11.32 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. The company had a market cap of over Rs 84 crore.
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On Tuesday, shares of Dhruv Consultancy Services zoomed 1.64 per cent to Rs 55.10 per share with an intraday high of Rs 56.60 and an intraday low of Rs 54.01. The stock is up by 70 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.