Penny stock under Rs 25: This civil construction company bags new order worth Rs 3,26,65,650 in Vile Parle, Mumbai
On Wednesday, the stock was trading at Rs 21.20 and it has a 52-week high is Rs 25 & a 52-week low of Rs 12.50.
Manav Infra Projects Ltd announced that it has secured a project involving shore piling and rock anchoring works for the construction of the JADE PARK project in Vile Parle, Mumbai. This project is valued at approximately Rs. 3,26,65,650 (excluding GST).
In addition to the JADE PARK project, Manav Infra Projects Ltd has also been awarded a contract for the construction of a re-development project under the SRA scheme in Premnagar, Mumbai. This project covers CTS No. 50 A(pt) village Pahadi Goregaon and CTS No. 1406 G/8 9C Village Malad South, Goregaon West. The total project cost is estimated to be Rs 1,58,63,684, including an 18 per cent GST.
Manav Infra Projects Ltd, established in 1995, is a construction company specializing in excavation, piling, road building, and rock stabilization. They also rent out a comprehensive range of construction equipment including excavators, loaders and rock breakers.
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Manav Infra operates across Maharashtra, Goa, Gujarat, Rajasthan, and several other Indian states, and their portfolio includes projects like the Kanakia Seven complex in Marol and road construction for JNPT. They've also collaborated with various clients including Nirmal Lifestyle and Axis Space Construction.
The company has a market cap of 14.49 crore. The stock falls under the SME segment with a lot size of 4,000 shares. On Wednesday, the stock was trading at Rs 21.20 and it has a 52-week high is Rs 25 & a 52-week low of Rs 12.50. The promoters of the company own 73.13 per cent and non-promoters own 26.87 per cent stake in the company as of June 2024.
Disclaimer: The article is for informational purposes only and not investment advice.
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