Multibagger Penny Stock Under Rs 50 & Rs 9,534 Crore Order Book: Civil Construction Company Rs 1,031.6 Crore From Maharashtra State Road Development Corporation Ltd

The stock is up by 70 per cent in just 1 year and gave multibagger returns of 330 per cent in 3 years.

On Monday, shares of Hindustan Construction Company Ltd (HCC Ltd) gained 6 per cent to an intraday high of Rs 44.80 per share. At the closing bell, shares of the company were trading at Rs 43.68 per share, up 3.34 per cent with a spurt in volume by more than 2.11 times on BSE.

Hindustan Construction Company Limited has secured a significant contract from the Maharashtra State Road Development Corporation Ltd. The company has been awarded the EPC contract for constructing a two-lane bridge across Agardanda Creek, connecting Tokekhar and Turumbadi in Raigad District. The bridge will be part of the Revas-Reddi Coastal Highway (MSH-04) and will be built at a total cost of Rs 1031.6 Crore (excluding provisional sum and GST). This contract is a domestic order awarded by a domestic entity, and the construction is expected to be completed within 36 months.

Hindustan Construction Company Limited (HCC), established in 1926, is the leading company of the Hindustan Construction Company Group. It is a prominent player in the engineering and construction sector, specializing in infrastructure projects across India. HCC has a strong track record, having contributed to the construction of 26 per cent of India's hydropower generation and 60 per cent of its nuclear power generation capacities. Additionally, the company has built over 4,036 lane km of expressways and highways, more than 360 km of complex tunnels, and 395 bridges. HCC also ventures into infrastructure development and real estate through its subsidiaries.

As of June 30, 2024, the company’s order book stands at Rs 9,534 crore. The stock is up by 70 per cent in just 1 year and gave multibagger returns of 330 per cent in 3 years. Investors should keep an eye on this small-cap stock.

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