Stock in Focus: This small-cap civil construction company has secured an order worth Rs 556.58 crore
The stock is up by 21.27 per cent in 6 months and generated multibagger returns of 383 per cent last 3 years.
Ahluwalia Contracts informed both the exchanges (BSE & NSE) that the company has secured an order worth Rs 556.58 crore for the construction of the Dharavi wastewater treatment facility under the Mumbai sewage disposal project at Mumbai awarded from Welspun Enterprises Ltd in Mumbai. The project will be completed in 30 months from the date of the letter.
Ahluwalia Contracts (India) Ltd is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India.
Talking about finances, Ahluwalia Contracts has a market cap of Rs 3,606 crore. Both the company's quarterly consolidated and annual consolidated financial statements showed amazing numbers. In Q3FY23, net sales and net profit rose by 8.74 per cent and 6.31 per cent, respectively over Q3FY22. In FY22, net sales and net profit rose by 35.83 per cent and 101.06 per cent over FY21.
On Thursday, shares of Ahluwalia Contracts (India) Limited surged 3.64 per cent from its previous closing of Rs 540.30 per share, to an intraday high of Rs 559.95. The stock has a 52-week high of Rs 612 and a 52-week low of Rs 371.75.
At 03:30 pm, the shares of the company ended the day in the red, down 0.37 per cent to Rs 538.30 per share.
The stock is up by 21.27 per cent in 6 months and generated multibagger returns of 383 per cent last 3 years. Investors should keep an eye on this Small-Cap stock under their watchlist.