Mukul Agrawal-Backed Shipping Company Hits Upper Circuit Today; Stock Gains Over 275 per cent in just 1 Year!
The company’s shares have delivered an impressive multibagger returns of over 275 per cent in just 1 Year.
Dredging Corporation of India Limited (DCI) is a prominent provider of integrated dredging services in India, catering primarily to ports, the Indian Navy, and other maritime organizations. The company's diverse service portfolio includes maintenance dredging, which involves restoring depth and removing accumulated materials in ports and harbors to ensure safe navigation and operational efficiency. Additionally, DCI undertakes capital dredging projects, where it excavates virgin soil to create and maintain specified depths in water bodies or adjacent areas.
At the start of the day's trading session, the share of Dredging Corporation of India Limited (DCI) opened at Rs 1273.80 per share, compared to the previous day's closing figure of Rs 1213.15 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 3566.54 crore, and the stock has generated an impressive multibagger return of over 275 per cent in just 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, Dredging Corporation of India Limited recorded a revenue of Rs 278 crore. The operating profit for Q4 FY24 stood at Rs 22 crore. The net loss for Q4 FY24 was Rs 23 crore. Looking at the annual performance, the company generated a revenue of Rs 946 crore in FY24, compared to Rs 1165 crore in FY23. The operating profit for FY24 was Rs 204 crore, with a net profit of Rs 36 crore compared to a profit of Rs 13 crore.
Regarding the shareholding pattern, the promoters own 73.47 per cent of the company and the public or retail investors hold 21.01 per cent.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Vijay Kedia Backed Multibagger Cybersecurity Company's Stock Hits Upper Circuit Today; Here's Why!
-
1:1 Bonus Shares Announced by This Micro-Cap Multibagger Company; Stock Gains Over 250 Per cent!
-
Heavy Buying LIC & SBI-Backed Stock Under Rs 30: Stock rallied over 10 per cent Today, FIIs Purchased 200,93,67,970 Shares!
-
A Breakout Pullback Trade Setup: Keep This Infra Stock on Your Radar
-
5:1 Stock Split Likely to be Announced by this Small-Cap Company; Stock Hits Upper Circuit Today
-
From Rs 0.54 Crore Profit to Rs 6.11 Crore: Micro Cap Company Secures Order Worth Rs 44,56,035.21 – Complete Details Inside
-
Solar Company Bags Order Worth Rs 6,25,90,000 for installation of a 2 MW Solar Ground Mount Power Plant, Stock Gains Over 200 per cent in just 6 months!
-
Mukul Agrawal Gains Over 13 Crore in Just 1 Hour of Today’s Trading Session; Do You Own This Stock in Your Portfolio?
-
Penny Stock Under Rs 5: DIIs Own 43.25 per cent Stake, Stock Hits Upper Circuit Consecutively for 12 Days, Gains 140 per cent in 1 Month!
-
Ashish Kacholia-Backed VFX Stock Hits 52-Week High with Heavy Volumes Today, Gains Over 400 Per cent Within 1 Year!
-
Rs 800 Crore Order Book: This Aerospace & Defence Electronic Stock Hits All-Time High with Heavy Volumes, Here's Why
-
Turnaround Wind Energy Stock Under Rs 30: Stock Hits Upper Circuit with Heavy Volumes, Stock Gains Over 190 per cent in Just 1 Year!
-
10:1 Stock Split: Rs 3,054 Crore Order Book, Mukul Agarwal Portfolio Company Announces Record Date, Stock Gains Over 280 per cent!
-
Back-to-Back Upper Circuit for 3 Days Ashish Kacholia-Backed Engineering Stock; Do You Own It?
-
Back-to-Back Upper Circuit Stock Under Rs 100: Do You Own This Hydraulic Engineering Equipment Manufacturing Stock?
-
1:4 Bonus Issue: Debt-Free Liquor Stock Hits All-Time High & Upper Circuit with Heavy Volume Today – Do You Own It?
-
Penny Stock Under Rs 20: This Oil Exploration Stock Hits Upper Circuit & 52-Week High Today; Q4 FY24 Net Profits Surge by 230 per cent: Must Watch!
-
52-Week High Alert: Steel Company Establishes New Manufacturing Plant in Raebareli, Uttar Pradesh; Stock Surges Over 140 per cent in One Year!
-
Rs 800 Crore Order Book: This Aerospace & Defence Electronic Company Bags Order Worth Rs 1,250 Crore from Larsen & Toubro!
-
1:1 Bonus Share Penny Stock Under Rs 5 Hits Upper Circuit Today; Q4 FY24 Net Profits Surged by 350 per cent: Must Watch!