52-week high alert: This multibagger civil construction company bags a new order worth Rs 482.37 crore!

Shares of the company have gained more than 90 per cent in the last six months.

RPP Infra Projects Limited informed in the exchange filing that the company has received multiple orders worth Rs 482.37 crore. The first order is from Chennai Petroleum Corporation Limited, Chennai for road and drain works for the CBR project of CPCL at Nagapattinam, Tamilnadu. The order is worth Rs 300.44 crores.

The second order is from the Defence Research & Development organization, Secunderabad Telangana for civil work and allied services for the engine test facility along with ancillary work for GRTE at Rajankute, Bengaluru. The order is worth Rs 90.18 crore.

The third order is from Thoothukudi Corporation for the Construction of a water Drain from Ponsubbiah Nagar to Loorthammalpuram Main Road package 4 under ADB Tamil Nadu Urban Flagship Investment Program-tranche 3 at a contract price of Rs 16.88 crore. The company also received an order with its JV partner in Tamil Nadu with a contract value of Rs 74.87 crore.

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RPP Infra Projects Limited is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and waste management.

On Thursday, the stock opened at Rs 73.80, with a high and low of Rs 77.50 and Rs 71.50. The stock is currently trading at Rs 76.00, up by 1.44 per cent over its previous close of Rs 74.92. The stock has a 52-week high of Rs 77.50 and a 52-week low of Rs 34.50. The stock has delivered multibagger returns of over 100 per cent in the last one year.

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.