Big order alert: Mukul Agarwal’s multibagger stock hit 52-week as company enters into a joint venture with NCC Ltd; has an order book of over Rs 17,000 crore!

The stock is up by 80 per cent in 6 months and gave multibagger returns of over 300 per cent in 3 years.

NCC Ltd and J. Kumar Infraprojects Ltd, two leading civil construction companies, have formed a joint venture to design, build, and operate a twin tunnel from Film City Goregaon to Khindipada (Amar Nagar) Mulund in Mumbai. The project also includes the construction of a box tunnel at Film City, as well as electrical, mechanical, and associated works received from Brihanmumbai Municipal Corporation.

The contract is worth Rs. 6,301.08 crore (net of GST) and will be executed by a special purpose vehicle to be created for this purpose. NCC will have a 51 per cent stake in the joint venture (i.e., 3,213.55 crore), while J. Kumar Infraprojects will have a 49 per cent stake (i.e., Rs 3,087.53). The construction period is 5 years, and the project will be operated and maintained for 10 years.

About J. Kumar Infra Projects Ltd: J Kumar Infraprojects Ltd is a Small-Cap company having a market cap of over Rs 3,200 crore that is engaged in the business of execution of contracts for various infrastructure projects.

As of June 30, 2023, the company has a total order book of Rs 14,351 crore. Including the above order, the company’s current order book stands at Rs 17,438.58 crore. The company reported amazing numbers in its Quarterly Results and annual results.

As of June 2023, an ace investor, Mukul Agarwal owns 20,00,000 shares or a 2.64 per cent stake in J. Kumar Infra Projects Ltd.

On Tuesday, shares of J Kumar Infraprojects Ltd surged 0.43 per cent to Rs 430.25 per share with an intraday high of Rs 436.50 and an intraday low of Rs 420.15. The stock is up by 80 per cent in 6 months and gave multibagger returns of over 300 per cent in 3 years. The shares of the company have a PE of 11.4x whereas the industry PE is 22x.

Do you own any of this multibagger civil construction stock in your portfolio? Do let us know in the comment session below

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