Penny stock under Rs 80 hit upper circuit after bagging an order worth Rs 16,77,71,763 from Nayara Energy Limited
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 30.30 per share.
On Thursday, shares of Sonu Infratech Ltd hit a 5 per cent upper circuit to Rs 77.55 per share from its previous closing of Rs 73.90 per share. The stock’s 52-week high is Rs 86.50 per share and its 52-week low is Rs 39 per share.
Sonu Infratech Ltd. has been awarded a work order valued at Rs 16,77,71,763 from Nayara Energy Limited. This project involves road maintenance, including small-scale capital expenditure (capex) works, across various locations. Sonu Infratech will be responsible for providing all necessary resources, including materials, labour, equipment, tools, and consumables, for the successful completion of the project.
The work order entails road maintenance and related activities, ensuring the smooth functioning of the designated infrastructure. Payment terms are favourable, with invoices settled within 30 days of submission. The project commences on December 1, 2024, and is scheduled for completion by November 30, 2027, with a total duration of three years. Sonu Infratech is committed to delivering high-quality work and meeting all project deadlines to the satisfaction of Nayara Energy.
Sonu Infratech Limited provides construction contracting services. The company offers civil construction, structural painting, mechanical scaffolding, and project management and maintenance services. Sonu Infratech serves customers in India.
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Talking about the financials, the company has a market cap of Rs 60.88 crore with a 1-year stock price CAGR of 30 per cent. According to its half-yearly results, the net sales increased by 125 per cent to Rs 45 crore while net profit increased by 200 per cent to Rs 3 crore in H1FY25 compared to H1FY24. The net sales increased by 41 per cent to Rs 90 crore in FY24 compared to FY23. The company reported net profit of Rs 3 crore in FY24.
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 30.30 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.