Rs 10,887 million order book and 250 per cent returns: Mukul Agrawal backed multibagger stock bags new order worth Rs 156.50 crore!
Shares of the company have gained more than 130 per cent in the last six months.
Dredging Corporation of India (DCIL) has secured a significant contract for the annual maintenance dredging of Cochin Port. The contract is valued at Rs. 156.5 crore for the 2024-25 year with a potential one-year extension, this project reinforces DCIL's leadership in the dredging sector and its commitment to India's maritime infrastructure.
The dredging operation encompasses the port's outer channel, approach channel, basins, and other areas, ensuring continued navigability for various vessels. This vital activity is crucial for the port's functionality and facilitates seamless maritime trade. Cochin Port Authority's decision to award the contract to DCIL highlights their commitment to maintaining high standards of maritime infrastructure.
The company also posted weak Quarterly Results in Q4FY24. The revenue of the company for Q4FY24 stood at Rs 277.89 crore which decreased by 17.65 per cent YoY. The operating profit of the company stood at Rs 22.64 crore, while the PAT of the company stood at a loss of Rs 23.47 crore which stood at Rs 222.94 crore in FY23. Shares of Dredging Corporation of India Limited have also delivered multibagger returns of about 250 per cent in a one-year holding period
Dredging Corporation of India (DCIL) has emerged as a leading enterprise in India in the field of dredging. DCIL is determined to enhance its business of dredging needs of ports, marine structures, Project Management Consultancy and shallow water dredging services. DCIL was established in the year 1976 to provide dredging services to the Major Ports of the country in India. The company is a pioneer organization in the field of dredging and maritime development. The company has an order book of Rs 10,887 million. Mukul Agarwal has 1.80 per cent stake in the company.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 500 per cent in less than a year!
-
250 per cent multibagger returns and Heavy buying: This defence & aerospace stock bags new orders worth Rs 266 crore from Garden Reach Shipbuilders!
-
Heavy buying: Back-to-back upper circuit in this multibagger solar power stock; bags new order for solar power plant worth Rs 4.12 crore!
-
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!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 5,600 per cent!
-
2,500 per cent returns and FIIs increase stake: Ashish Kacholia gains Rs 24,47,03,175 in this small-cap multibagger stock in just one day!
-
Rs 1,747 crore order book and 1,800 per cent multibagger returns: This telecom infrastructure stock bags new order worth Rs 14,64,85,436!
-
Heavy buying and FIIs increase stake: Back-to-back upper circuit in this multibagger stock; gains over 250 per cent in a year!
-
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!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; hits fresh 52-week high!
-
Heavy buying: Back-to-back upper circuit in this multibagger defence stock; gains over 400 per cent!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; reports 187 per cent jump in PAT!
-
Heavy buying: Back-to-back upper circuit in this multibagger railway stock; gains over 110 per cent!
-
LIC-backed Marine Company Bagged Order Worth Rs 2,015 Crore; Stock Hits Back-to-Back Upper Circuit for 2 Days, Mukul Agrawal Bought 5,05,000 Shares!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 550 per cent!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 100 per cent!
-
Rs 1,747 crore order book and 1,200 per cent returns: Back-to-back upper circuit in this multibagger stock; bags order worth Rs 2,43,86,625!
-
3,100 per cent returns: Heavy buying witnessed in this multibagger railway stock; hits fresh 52 weeks high!
-
2,400 per cent multibagger returns and Rs 733 crore order book: Ashish Kacholia's portfolio stock gains over 11 per cent; bags order worth USD 4.85 million!
-
Rs 7,10,166 lakh order book and 2,700 per cent returns: Heavy buying witnessed in this multibagger railway stock; hits fresh 52 weeks high!