7,800 per cent multibagger returns: This civil construction company bags new orders worth Rs 181.45 crore from North Central Railway
The stock gave multibagger returns of 715 per cent in just 1 year, 1,890 per cent in 3 years and a whopping 7,800 per cent in 5 years.
Giriraj Civil Developers Limited, a well-known government civil contractor in India, has been awarded a significant new contract worth approximately Rs 181.45 crore by North Central Railway, Gwalior. This project involves a major upgrade of the Khajuraho Railway Station using an Engineering, Procurement and Construction (EPC) contract. It is important to note that this contract is not considered a related party transaction, and the company's promoters or their groups do not have any stake in the entities that awarded this contract.
Giriraj Civil Developers Ltd is a civil construction company in India specializing in infrastructure projects like building roads (using RCC concrete), bridges (both rail and road), foot overbridges, earthworks (processing soil and rock), and even buildings, towers, and malls. Their clients include various divisions of Indian Railways (Southern Railways, Central Railways etc.) and municipal corporations. They also collaborate with joint venture firms like Dev Engineers & Giriraj, Moksha Constructions Giriraj, Giriraj-KK JV, and Prime-Giriraj-KK (JV).
Also Read: After Rs 7,000 crore orders from Adani Group, this heavy electrical equipment company likely to bags another huge order worth Rs 13,300 crore from Damodar Valley Corporation
On Friday, shares of Giriraj Civil Developers Ltd zoomed 5 per cent upper circuit to Rs 385 per share from its previous closing of Rs 367.50. The stock’s 52-week high is Rs 1,001.70 and its 52-week low is Rs 45.03.
The company has a market cap of over Rs 900 crore with a 3-year stock price CAGR of 175 per cent. The stock gave multibagger returns of 715 per cent in just 1 year, 1,890 per cent in 3 years and a whopping 7,800 per cent in 5 years. Investors should keep an eye on this Small-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.