Penny stock below Rs 40: This civil construction company bags new orders worth Rs 164,40,00,000 from Indian Railways!
The stock is up over 50 per cent from its 52-week low of Rs 24.04 per share.
Niraj Cement Structurals Limited informed that the company has received 4 work orders worth Rs 164,40,00,000 from Indian Railways. Here are the details:
Order No – 1: The company has received a work order for the construction of 3 good circulating areas with approach roads, goods office at Digaru, Tetelia and Barahu in Connection with Digaru-Hojai Patch of N.F. Railway value worth Rs 47,52,00,000 excluding GST. The order will be completed within 24 months from the LOI.
Order No – 2: The company has received a work order for the construction of ROB at Palghar, Maharashtra and ROB at Saphale, Maharashtra with the construction of western dedicated freight corridor Phase-II Vaitarna from Indian Railway Construction International Limited value of Rs 41,32,00,000 excluding GST. The order will be completed within 15 months from the LOI.
Order No – 3: The company has received a work order for the construction of a passenger circulating area with an approach road, drain and boundary wall from DIGARU to HOJAI in connection with DIGARU-HOJAI Patch Doubling Works of N. F. Railway value of worth Rs 39,54,00,000 excluding GST. The order will be completed within 24 months from the LOI.
Order No – 4: The company received a work order for the execution of balance civil engineering work for the construction of a superstructure by utilizing existing circular railway grinders, dismantling and disposal of the abandoned viaduct of circular railway, firefighting arrangement and other allied work in connection Metro Railway from Noapara to Barasat via Bimanbandar value of worth Rs 36,02,00,000 excluding GST. The order will be completed within 10 months from the LOI.
Niraj Cement Structurals Ltd. is a construction company that provides end-to-end solutions for projects in a variety of sectors, including transportation, urban infrastructure, BRTS projects, industrial infrastructure, and irrigation. It also provides technical and financial support to its subcontractors.
The company has been in the business of speciality engineering construction and infrastructure for over 30 years, and it has a reputation for delivering high-quality projects in even the most challenging conditions.
Today, shares of Niraj Cement Structurals Ltd closed at Rs 35 per share with an intraday high of Rs 37 and an intraday low of Rs 36.50. The stock’s 52-week high is Rs 46.24 and its 52-week low is Rs 24.04.
The company has a market cap of Rs 146.6 crore and reported positive numbers in its Quarterly Results and annual results. The stock is up over 50 per cent from its 52-week low of Rs 24.04 per share. Investors should keep an eye on this micro-cap 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
-
Penny stock under Rs 40: This civil construction company receives order worth Rs 220.89 crore from Mumbai Metropolitan Region Development Authority!
-
Multibagger penny stock at Rs 42 with 1,800 per cent returns: This micro-cap company imports new high-tech machinery worth Rs 1 crore to boost production and enter new markets
-
Multibagger penny stock at Rs 22: This electrical equipment company bags new orders worth Rs 40,00,00,000 in West Bengal
-
Low PE penny stock under Rs 25: This micro-cap company bags new orders from US customers!
-
Penny stock below Rs 60 & Rs 300 crore order book: This micro-cap company receives new order worth Rs 5,56,57,000 from National Highways Authority of India!
-
Multibagger penny stock below Rs 30: This micro-cap company bags new orders worth Rs 78,70,000 from Government of West Bengal!
-
Multibagger penny stock below Rs 100: This micro-cap company bags new orders worth Rs 41,15,00,000 from L&T and others!
-
Dilipkumar Lakhi's portfolio multibagger penny stock with Rs 169.2 crore order book: This iron & steel company receives new orders worth Rs 10,00,00,000 from a PSU company!
-
Rs 55,300 crore order book: This multibagger civil construction company receives new orders worth Rs 1,500 crore from National Cooperative Development Corporation!
-
Penny stock below Rs 50: This micro-cap civil construction company receives new order worth Rs 210.98 crore from Jawaharlal Nehru Port Trust!
-
Multibagger penny stock under Rs 35: This micro-cap company receives new order worth Rs 52.48 crore from Ministry of Petroleum and Natural Gas!
-
Penny stock below Rs 5: This micro-cap company bags new orders worth Rs 22,50,00,000 from various clients; Eyeing massive revenue in FY24 – Check details inside!
-
Multibagger penny stock under Rs 70 with Rs 7,078 crore order book: This telecom infrastructure company receives fresh orders worth Rs 67 crore!
-
Penny stock below Rs 30: This micro-cap company bags new orders worth Rs 63,20,000 from Government of West Bengal
-
Foreign Portfolio Investments (FPIs) bought 80,00,000 shares of this multibagger penny stock: Company bags new EV chargers order from BPCL; do you own it?
-
Penny stock below Rs 10: This small-cap company bags new order worth Rs 49,50,00,000 from Gujarat Gas Ltd!
-
Low PE penny stock below Rs 80: This micro-cap agrochemical company bags new orders worth Rs 1,34,59,500 from various clients!
-
Multibagger penny stock under Rs 10 with 1,825 per cent returns: This micro-cap company bags new order worth Rs 150 million from Sarveshwar Foods Ltd!
-
Back-to-back upper circuits: Heavy buying witnessed in this multibagger penny stock; Company bags orders from Indian Railways!
-
Penny stock under Rs 10 with Rs 728.1 crore order book: This micro-cap construction company receives order worth Rs 53,00,00,000 from Gujarat Housing Board!