Back-to-back upper circuit stock: Mukul Agrawal earns Rs 2,25,23,000 in just 1 day from this shipping stock, FIIs doubled their stake!
The company's shares have delivered an impressive return of over 170 per cent to their shareholders in the past 1 year only.
Shares of Dredging Corporation of India Limited gained around 5 per cent today. The stock has witnessed heavy buying activity from investors in the last few days. Ace investor Mukul Agrawal holds a 1.80 per cent stake in the company. The has not yet announced its recent Quarterly Results, in FY23 company reported a robust performance with revenue increasing by 45 per cent YoY to Rs 1,165 crore. The operating profit and PAT grew by 48 per cent and 225 per cent YoY to Rs 175 crore and Rs 13 crore, respectively.
Ace investor Mukul Agrawal made a handsome amount of profit today as well, gaining over Rs 2.25 crore profit on his 5,05,000 shares in Dredging Corporation of India, which soared by Rs 44.60 per share. The stock has also delivered multibagger returns of around 180 per cent in the past one year. Furthermore, today the stock is among the Top Gainers.
Dredging Corporation of India Limited (DCI) is an India-based company engaged in providing dredging services to the major ports of the country. The Company offers a range of services including capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy, and marine construction. DCI's fleet comprises approximately 10 Trailer Suction Hopper Dredgers (TSHDs), two Cutter Suction Dredgers (CSDs), one Backhoe Dredger, and one Inland Cutter Suction Dredger, along with other ancillary crafts. The company owns a modern and sophisticated fleet consisting of two cutter suction dredgers, ten trailer suction dredgers, one backhoe dredger, one inland, and other ancillary crafts. Additionally, DCI offers dredging and allied services to users in India and abroad, contributing to national development.
This Small-Cap 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.
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