Multibagger penny stock under Rs 60: This civil construction company bags new order worth Rs 1275.30 crore!
Shares of the company have jumped more than 200 per cent in the last six months.
Patel Engineering Limited and its joint venture partner Dilip Buildcon [DBL-PEL (JV)] have received a letter of acceptance (LOA) for a new Project of engineering procurement construction testing commissioning trial run and operation and maintenance for 10 years of Narmada Gambhir Multi Village Drinking Water Supply Scheme in District Ujjain. The order is worth Rs 1275.30 Crores. Patel Engineering is a 35 per cent (Rs. 446.36 crore) partner in the JV, while the rest 65 per cent (Rs 828.94 crore) share is with Dilip Buildcon.
Also read, Avoid these 5 common financial mistakes to secure your future.
Shares of Patel Engineering Limited have also delivered multibagger returns to its shareholders in just six months of about 205 per cent. While in the last one year, the stock has gained more than about 130 per cent.
Patel Engineering Limited is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure, and transport. Patel Engineering has a total order book of Rs 20,000 crore as of Q1FY24.
Dilip Buildcon Limited, incorporated in 2006, is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various Government and other parties and special purpose vehicles promoted by the Company. Dilip Buildcon has a total order of Rs 24,051 crore as of Q1FY24.
And investors should keep a close eye on this stock.
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
-
Multibagger penny stock under Rs 60: Vijay Kedia gains Rs 4,53,70,000 in this multibagger stock in just two days; PAT surges over 280 per cent!
-
Multibagger penny stock under Rs 60: This small-cap civil construction bags new order worth 249.96 crore!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; with Rs 20,000 crore order book!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; Vijay Kedia raises stake in June quarter!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; hits fresh 52-week high!
-
Rs 8,200 crore order book and 600 per cent returns: Vijay Kedia gains Rs 11,63,20,000 in this multibagger stock in just one day; hits fresh 52-week high!
-
Vijay Kedia’s portfolio multibagger stock with 200 per cent returns: Heavy buying witnessed in this automobile stock; gains over 10 per cent today!
-
Heavy buying and Rs 2,235 crore order book: Back-to-back upper circuit in this multibagger stock; Vijay Kedia owns 2.49 per cent stake!
-
Vijay Kedia Portfolio’s Tata Group Multibagger Stock Hits 52-Week High with Heavy Volumes - Must-Watch
-
Multibagger penny stock under Rs 65: Vijay Kedia gains Rs 4,38,00,000 in this multibagger stock in just one day; order book at Rs 1,86,630 million!
-
Rs 21,842.90 crore order book: This civil construction company executes Concession Agreement with Government of Goa for Infrastructure Project worth Rs 270 crore!
-
Vijay Kedia’s portfolio multibagger penny stock with Rs 19,135 crore order book reports a 260 per cent jump in net profit – FIIs increase stake!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger penny stock; Vijay Kedia gains 6,69,50,000 in two days!
-
3,200 per cent returns and FIIs & DIIs increase stake: Vijay Kedia’s multibagger stock bags new order worth Rs 51.41 crore; reports impressive quarterly results & dividend!
-
Multibagger penny stock under Rs 60: This small-cap civil construction bags new order worth Rs 202.30 crore!
-
Vijay Kedia bought 24,65,912 shares in this microcap multibagger stock; hits upper circuit and witnesses heavy buying!
-
Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports a 488 per cent jump in net profit!
-
Vijay Kedia gains Rs 48,76,50,000 from this multibagger penny stock in just 5 months; Do you have it?
-
Rs 24,050.90 crore order book: This civil construction company enters into JV with Patel Engineering Ltd for order worth Rs 1,275.30 crore!
-
Dolly Khanna, Vijay Kedia’s pick zooms 21 per cent in just 2 days: Q1FY24 and stock split sparks heavy buying!