This Mukul Agrawal-backed small-cap multibagger company’s JV receives order worth over Rs 1,329 crore!

The company's share in the project is 70 per cent, amounting to around Rs 931 crore

The trading session concluded today with domestic indices notably lower, primarily impacted by significant losses in the information technology and FMCG sectors. The BSE Mid-Cap index mirrored the main indices' decline, while the BSE Small-Cap index witnessed a steep drop.

In the midst of a generally subdued market, J Kumar Infraprojects Ltd, a small-cap multibagger company, distinguished itself as its shares experienced a significant uptick in buying interest.

The stock gained attention following the announcement by the company that M/s J Kumar - RPS (JV) has secured a letter of acceptance from the Brihanmumbai Municipal Corporation. The letter pertains to the project titled ‘Proposed construction of elevated road corridor from Eastern Freeway (Orange Gate) to Grant Road Area,’ with a total contract value of Rs 1,329,71,89,430.00

The company's share in this project is 70 per cent, amounting to Rs 930,80,32,601 (around Rs nine hundred and thirty-one crore)

The company specializes in executing contracts for a diverse range of infrastructure projects, encompassing transportation engineering, irrigation projects, and civil construction, among others. Notably, it has successfully completed prestigious projects such as the Mumbai Metro Line 7, Delhi Underground Metro, Delhi Elevated Metro, and the Grant Road Skywalk.

Over the past year, the company's shares have provided investors with outstanding returns, exceeding 145 per cent. Currently, the shares are trading at Rs 645.30, marking a 10 per cent decline from the recently reached 52-week high of Rs 714.95 per share on the BSE.

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