Heavy buying: Back-to-back upper circuit in this multibagger infrastructure stock; hits fresh 52-week high!
Shares of the company gained more than 100 per cent in the last six months.
Shares of Dhruv Consultancy Services Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The company has delivered robust Quarterly Results. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. The stock also gained over 100 per cent in the last six months. The stock has also made a fresh 52-week high today.
The company posted robust Quarterly Results. The revenue of the company for Q3FY24 stood at Rs 22.60 crore which increased by 2.04 per cent YoY. The operating profit of the company stood at Rs 4.97 crore, while the PAT of the company stood at Rs 2.71 crore, from a profit of Rs 1.82 crore last year same quarter.
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The company boasts a strong order book position of Rs. 338 crores as of December 1, 2023, up from Rs. 269 crores on February 28, 2023. This represents a significant increase and is equivalent to 4.16 times the company's total revenue for FY23. These orders are expected to be executed within the next two to three years, depending on the nature of the work, providing medium-term revenue visibility. Notably, the order book demonstrates healthy geographic diversification with projects spread across various states. This diversification mitigates risk and ensures a steady stream of income from various regions.
Dhruv Consultancy Services Limited is engaged in the business of consultancy services for infrastructure industry. The company is involved in providing design, engineering, procurement, construction and integrated project management services for highways, bridges, tunnels, architectural, environmental engineering and ports.
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.
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