Only Buyers: This micro-cap multibagger company secured multiple orders worth Rs 413.25 crore!

Shares have already provided multibagger returns of over 100 per cent to investors in the last three months!

On Friday, Indian headline indices soared to new all-time highs on the bourses, with broader indices also making gains in line with the main indices. Shares of Nila Infrastructures Ltd, a micro-cap company, surged with notable buying interest, hitting the 5 per cent upper circuit limit at Rs 12.58 per share on the BSE. The rally followed the company's announcement of securing two significant orders on Friday.

Firstly, the company has received a letter of acceptance from the Gujarat Housing Board for the construction and redevelopment of an integrated group housing facility. This project aims to construct a total of 968 affordable housing units, with a total development cost estimated at Rs 125.75 crore.

Another significant development was the company receiving a letter of acceptance from the Gujarat Housing Board for a project awarded to a joint venture. In this venture, the company holds a 63 per cent share, while Nishant Construction Pvt Ltd holds a 37 per cent share. The project involves the redevelopment of an Integrated Group Housing Facility, aiming to construct 1992 Economic Weaker Section (EWS) affordable housing units, with a total development cost estimated at Rs 287.50 crore.

Shares of Nila Infrastructures Ltd have already provided multibagger returns of over 100 per cent to investors in the last three months!

Nila Infrastructures Ltd is involved in urban development through EPC/turnkey projects for affordable housing schemes initiated by government bodies. Its remarkable contributions to public infrastructure projects, including the construction of bus shelters for Ahmedabad's prestigious Bus Rapid Transit System (BRTS) and Ahmedabad Municipal Transport Service (AMTS), a textile park in Surat, and media utilities in Rajkot, have been truly outstanding.

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