Multibagger penny stock at Rs 70.3 and Rs 1,125 crore order book: This Civil Construction company bags new order worth Rs 50.80 crore from NHAI
The shares of the company have a PE of 12.4x whereas the industry PE is 30.2x.
Today, shares of Brahmaputra Infrastructure Ltd were locked in a 2 per cent lower circuit to Rs 70.27 per share from its previous closing of Rs 71.70. The stock’s 52-week high is Rs 86.16 and its 52-week low is Rs 27.
The National Highway Authority of India awarded a domestic contract to Brahmaputra Infrastructure Ltd that is valued at Rs 50.80 crore for the construction of a four-lane divided carriageway road with paved shoulders. The project stretches from km 5+500 to km 35.862 of NH-36 and km 0+000 to km 22+000 of NH-54, including the 2.107 km Doboka Bypass in the state of Assam. The contract will be executed under the engineering, procurement and construction (EPC) mode with a completion timeframe of 60 months.
According to Quarterly Results, net sales decreased by 5.25 per cent to Rs 52.89 crore while the net profit increased by 61 per cent to Rs 5.27 crore in Q3FY24 compared to Q3FY23. The company have an order book of Rs 1,125 crore along with its Joint operations as of February 14, 2024.
Founded in 1998, Brahmaputra Infrastructure Ltd. (BIL) is a versatile construction company with a strong foothold in diverse infrastructure sectors. BIL thrives in the EPC & Real Estate Development Business, undertaking projects ranging from the construction of bridges, flyovers, and highways to airports, buildings, tunnels, and even mining projects. They have successfully developed and managed the largest shopping mall in Northeast India, showcasing their expertise in large-scale infrastructure projects.
The shares of the company have a PE of 12.4x whereas the industry PE is 30.2x. The stock gave multibagger returns of 140 per cent in just 1 year and a whopping 330 per cent in 3 years. Investors should keep an eye on this micro-cap civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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