Multibagger stock at Rs 116.85 hit upper circuit & 52-week high as this construction and building materials company bags new orders worth Rs 16,43,00,000
The stock gave multibagger returns of 815 per cent in 1 year and a whopping 2,550 per cent in 5 years.
Constructions Infra Limited has secured two significant contracts. Order 1, valued at Rs 16 crore, involves the construction of a residential apartment under a joint development agreement with Mrs Sundari. The project is expected to be completed within 24 months. In Order 2, the company has been awarded a Rs 43 lakh contract from EKK Infrastructure Limited for a purchase order. Both contracts are domestic in nature and are expected to contribute positively to the company's financial performance.
On Friday, shares of Constructions Infra Limited were locked in a 2 per cent upper circuit to Rs 116.85 per share. The stock also made a fresh 52-week high of Rs 116.85 per share and gave multibagger returns of 969 per cent from its 52-week low of Rs 10.93 per share. The shares of the company saw a spurt in volume by more than 2.47 times with a total of 9,930 quantity traded on BSE.
Constronics Infra Ltd., established in 1992, initially operated as a pharmaceutical company. However, a change in management in fiscal year 2018 led to a significant shift in the company's direction. It transitioned its primary focus to the construction and infrastructure sector, engaging in the trading of essential building materials.
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The company's product portfolio includes a range of materials crucial for construction projects. Manufactured sand (M-sand), produced by crushing rocks or larger aggregates, is used for various construction purposes. Plastering sand (P-sand) is employed to protect exposed surfaces from rainwater and other atmospheric elements. Blue metal, consisting of aggregates like sand, gravel and crushed rock, is a key component in concrete, accounting for a substantial portion of its volume. In addition, Constronics Infra Ltd. offers ready-mix concrete, pre-mixed building material and solid blocks, which are concrete foundations typically used in construction.
The company has a market cap of Rs 146.40 crore. The shares of the company have an ROE of 118 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 815 per cent in 1 year and a whopping 2,550 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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