Rs 1,186.67 crore order book: This multibagger civil construction bags new order worth Rs 108.71 crore from Chief Engineer Water Resource Department
The stock gave multibagger returns of 170 per cent in just 1 year and a whopping 470 per cent in 3 years.
Brahmaputra Infrastructure Ltd secured a significant order worth Rs 108.71 Crore from the Chief Engineer Water Resource Department, Assam. This order consists of two projects aimed at riverbank protection in Assam.
The first project, valued at Rs 69.96 crore, involves underwater and above-water riverbank protection works in the Kamrup (Rural) district. This project encompasses multiple subprojects including the Siminia area, Makadhuj Area to Futuri, Dakhala (Kalitapara), and Guimara.
The second project, valued at Rs 38.75 crore, focuses on riverbank protection works in the Dibrugarh district, specifically at Nagakhelia, Chaulkhowa near the Bogibeel Bridge. This project also involves underwater and above-water works. Both projects are to be executed within the stipulated government norms.
Today, shares of Brahmaputra Infrastructure Ltd surged 2 per cent to Rs 88.8 per share from its previous closing of Rs 87.07. The stock’s 52-week high is Rs 95.64 per share while its 52-week low is Rs 31.05.
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Founded in 1998, Brahmaputra Infrastructure Ltd. (BIL) is a versatile construction company with a strong foothold in diverse infrastructure sectors. BIL thrives in the EPC & Real Estate Development Business, undertaking projects ranging from the construction of bridges, flyovers, and highways to airports, buildings, tunnels, and even mining projects. They have successfully developed and managed the largest shopping mall in Northeast India, showcasing their expertise in large-scale infrastructure projects.
The company has a market cap of Rs 247 crore and has an order book of Rs 1186.67 crore along with its Joint operations as of March 31, 2024. The shares of the company have a PE of 17x whereas the industry PE is 30.2x. The stock gave multibagger returns of 170 per cent in just 1 year and a whopping 470 per cent in 3 years. Investors should keep an eye on this micro-cap civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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