The sudden rise in stock price is due to the company receiving a new order worth Rs 1.70 crore plus applicable taxes only from KSR Infracon Private Limited. The order includes consultancy services for detailed design and engineering for the Sabarmati Dam Project of the Water Resources Department located at Zone - Jodhpur, Rajasthan. The order will be completed in 36 months from LOI.
DMR Hydroengineering & Infrastructures is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels.
According to the financials, DMR has a market cap of Rs 26 crore. The company reported positive numbers in its half-yearly results and annual results. Furthermore, the company has significantly reduced its debt burden. The current debt of Rs. 0.51 crore is only 1.92 per cent of its current market cap, which means that the company is almost debt-free.
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