Heavy buying and Rs 153 crore order book: Back-to-back upper circuit in this micro-cap multibagger railway stock; bags new project worth Rs 32.62 million!
Shares of the company gained more than 110 per cent in the last six months.
Shares of BCPL Railway Infrastructure Limited were locked in the upper circuit on Wednesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 110 per cent.
The company posted robust Quarterly Results, despite a 15.06 per cent decrease in net sales to Rs 23.27 crore compared to the same quarter last year, BCPL Railway Infrastructure Limited delivered a robust performance, with EBITDA surging by 58.44 per cent. The company's net profit also witnessed an upward trend, reaching Rs 2.04 crore, an increase from Rs 1.50 crore in the corresponding quarter of the previous year.
Recently, BCPL Railway Infrastructure secured a lucrative electrification project under the Gati Shakti Sealdah Division. This involves upgrading railway stations KNJ, STB, BPC, BTY, and BNJ with 25 KV overhead electrification and electrical works for new footbridges. The project is valued at Rs. 32.62 million, the project will boost efficiency and connectivity for over a year.
BCPL Railway Infrastructure Limited (BCPL) is engaged in the execution of railway infrastructure development projects involving the design, drawing, supply, erection, and commissioning of 25KV, 50Hz single-phase traction overhead equipment. The order book position stands at Rs 153.80 crore as of September 30, 2023.
The stock has delivered multibagger returns of over 140 per cent in the last one year and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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