Rs 1,375.80 crore order book: Multibagger penny stock under Rs 15 surge over 7 per cent with heavy volume; PAT jumps 241.2 per cent
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 5.69 per share.
On Monday, shares of Nila Infrastructures Ltd gained over 7 per cent to an intraday high of Rs 11.87 per share from its previous closing of Rs 11.05. The stock’s 52-week high is Rs 17.14 per share while its 52-week low is Rs 5.69. At the closing bell, shares of the company were trading at Rs 11.23 per share, up 1.63 per cent and saw a spurt in volume by more than 1.7 times on BSE.
Nila Infrastructures Limited incorporated in 1990, is a flagship unit of the Ahmedabad-based Sambhaav Group. The company is involved in the construction of affordable housing projects, and the development of various infrastructures. The company has an order worth Rs 1,375.80 crore.
Talking about the financials, the company has a market cap of Rs 442 crore and reported amazing numbers in its Quarterly Results (Q2FY25) and half-yearly results (H1FY25). According to quarterly results, the net sales increased by 2 per cent to Rs 39.81 crore and net profit increased by 115.50 per cent to Rs 5.90 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 27.60 per cent to Rs 81.12 crore and net profit increased by 241.2 per cent to Rs 10.85 crore in H1FY25 compared to H1FY24. Looking at its annual results, the net sales increased by 61 per cent to Rs 184.65 crore and net profit increased by 848 per cent to Rs 11.42 crore in FY24 over FY23.
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Earlier, the company informed that it has amended the work order received on September 5, 2023, from Shree Infracon Private Limited for the construction of 1,694 residential flats in Ramapir No Tekro, Wadaj, Ahmedabad. This amendment, effective July 20, 2024, increases the work order value by Rs 10.16 crore due to revised rates, bringing the total value to Rs 111.80 crore. All other terms and conditions of the work order remain unchanged as previously disclosed.
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 5.69 per share. Investors should keep an eye on this micro-cap penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.