This multibagger micro-cap stock surged over 6 per cent as it was shortlisted for a consultancy project by the Government of Nepal!
The total unexecuted order book as of April 30, 2023 stands at Rs 229 crore.
Dhruv Consultancy Services Ltd (BSE Script Code: 541302: NSE Script Code: DHRUV), one of the leading infrastructure consultancy companies in India, inform that the company along with Cosmopolitan Consultant and Technical Education Centre & Beam Consultants Private Ltd has been shortlisted as “Consultant” towards services more specifically as Project Implementation Support Consultant (PISC) for the Pre-feasibility, Feasibility study for Rural connectivity improvement project by Government of Nepal, Ministry of Urban Development, Department of Local Infrastructure, Lalitpur (the Authority) vide letter dated June 14, 2023 as received by the company.
According to the financials, the net sales increased by 3.59 per cent and the net profit increased by 127 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 8.15 per cent in FY23 compared to FY22. The company reported a net profit of Rs 4.82 crore in FY23 whereas in FY22 it reported a net profit of Rs 5.76 crore, down by 16.22 per cent. The total unexecuted order book as of April 30, 2023 stands at Rs 229 crore.
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Today, shares of Dhruv Consultancy Services zoomed 6.90 per cent to an intraday high of Rs 52.73 per share from its previous closing of Rs 49.33. At the closing bell, shares of the company were trading at Rs 51.94 per share, up 5.29 per cent.
The stock has a 52-week high of Rs 72.50 and a 52-week low of Rs 40. The stock gave multibagger returns of 185 per cent over the span of 3 years. Investors should keep an eye on this micro-cap stock.