Penny Stock Under Rs 15 Jumps After Bagging Order Worth Rs 3,23,82,00,000 From National Highways Authority of India

From Rs 9.17 per share (52-week low) to Rs 13.25 per share, the stock is up by 44.5 per cent.

On Wednesday, the shares of Madhav Infra Projects Limited jumped 13.2 per cent to Rs 13.25 per share from its previous closing of Rs 11.71 per share. The stock’s 52-week high is Rs 23.90 per share while its 52-week low is Rs 9.17 per share. The shares of the company saw a spurt in volume by more than 4 times on the BSE.

Madhav Infra Projects Limited has received a Letter of Acceptance from the National Highways Authority of India for a significant domestic project involving the four-laning of a 10.079 km section of NH-146 in Madhya Pradesh, stretching from Rahatgarh (Km. 124+470) to Berkhedi (Km. 134+549). This Hybrid Annuity Mode project under NH(O) is valued at Rs 3,23,82,00,000 and is expected to be executed within a timeframe of 730 days.

Madhav Infra Projects Limited is engaged in the business of infrastructure development and solar power generation. It is the in-house EPC arm of the Madhav group. The company has a market cap of Rs 335 crore. The company announced positive numbers in its Quarterly Results (Q3FY25) and nine-month results (9MFY25).

As of December 2024, the promoters of the company own a 68.81 per cent stake and the rest 31.19 per cent stake is owned by public shareholders. From Rs 9.17 per share (52-week low) to Rs 13.25 per share, the stock is up by 44.5 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.