Rs 2,854 crore order book: This small-cap multibagger stock bags redevelopment project worth of Rs 350 crore

Currently the stock is trading at Rs 75.05 which is 11.18 per cent away from its 52 weeks high. The stock price has generated remarkable gains for its investors surging 135.68 per cent in 6 months.

A leading real estate developer in India, has strengthened its presence by signing its second redevelopment project for Prakash Co-operative Housing Society Ltd located at Mumbai with a total construction area of approximately 211,000 square feet. 

About the Order 

The project will be completed within 36 months and is expected to generate total sales value of approximately Rs. 350 crores. The project will have a product mix of 2, 3, and 4 BHK flats (60 units) and commercial space with total RERA carpet area of approximately 69,000 square feet, free for sale. 

Vascon Engineers Limited has a strong track record of delivering high-quality projects in Mumbai and Pune. The company is committed to providing its customers with the best possible living experience. 

Notably, none of the Promoter or Promoter Group of Vascon Engineers has any vested interest in the awarded project, ensuring transparency and integrity in the execution of the redevelopment work. 

This redevelopment project will further strengthen Vascon Engineers Limited's position as a leading real estate developer in Mumbai. The company is confident that the project will be a success and will generate significant value for its customers. 

Company Performance 

Currently the stock is trading at Rs 75.05 which is 11.18 per cent away from its 52-week high. The stock price has generated remarkable gains for its investors, surging 135.68 per cent in 6 months while in the longer-term company has accumulated 296.32 per cent gains over the 5 years. Over the past five years, the company has achieved an impressive Compound Annual Growth Rate of 127 per cent in profit, showcasing substantial and consistent financial growth. 

About Company 

Vascon Engineers Limited is a leading construction company with a rich legacy of delivering exceptional projects across residential, commercial, and infrastructure segments. With a commitment to quality, transparency, and customer satisfaction, Vascon Engineers continues to be a trusted name in the construction industry. 

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