Multibagger penny stock under Rs 50: This civil construction company bags new order worth Rs 3,74,23,043 from Government of Tripura

The stock gave multibagger returns of 135 per cent in just 1 year, 500 per cent in 3 years and a whopping 2,640 per cent in 5 years.

Tantia Constructions Limited has been awarded a contract worth Rs 3,74,23,043 by the Government of Tripura for the construction of an RCC bridge over Abhayacherra on the Barpathari to Tulamura Road. The contract is part of the NABARD RIDF-XII program and involves constructing a 43.120m-long bridge. The company's tender was accepted at a reduced amount, and the work site was subsequently handed over to them. The project is expected to be completed within 18 months from the date of the contract letter issuance.

Tantia Constructions Ltd, founded in 1964, is an Indian company specializing in constructing critical infrastructure projects across various sectors including roads, railways, urban development, aviation, marine facilities, and power transmission. Their portfolio includes completed projects like the Dibrugarh Airport Terminal Building, Guwahati's Pandu Jetty, and Kolkata's Krishna River Bridge and Metro Rail. They collaborate with partners like TSO (France), Road Builder Sdn Berhad Malaysia, and IVRCL Infrastructure and Projects Ltd, and their clientele encompasses prestigious organizations like Indian Railways, National Highway Authority of India and Kolkata Municipal Corporation.

On Wednesday, shares of Tantia Constructions Ltd plunged 2.98 per cent to 41.62 per share with an intraday high of Rs 4315 and an intraday low of Rs 41.50 from its previous closing of Rs 42.90. The company has a market cap of Rs 645 crore. The stock gave multibagger returns of 135 per cent in just 1 year, 500 per cent in 3 years and a whopping 2,640 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

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

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