Rs 3,300 crore order book: This multibagger civil construction company bags new orders worth Rs 152.11 crore from Office of Superintending Engineer
The stock gave multibagger returns of 180 per cent in just 1 year whereas BSE Sensex Index is up by 24 per cent.
Today, shares of RPP Projects Ltd gained 5.83 per cent to an intraday high of Rs 155 per share from its previous closing of Rs 146.45. The stock’s 52-week high is Rs 161.45 while its 52-week low is Rs 51.45.
In 1995, RPP Infra Projects Limited was formed. It is involved in the construction of many infrastructure sectors such as roads, buildings, industrial structures, power, irrigation, and waste management. As of June 2024, the company has an order book of over Rs 3,300 crore (including the below order).
R.P.P Infra Projects Ltd. secured a new project worth approximately Rs 152.11 crore (including GST) for the design, engineering, procurement, and construction (EPC) of a new district jail with a capacity of 1026 inmates in Hathras district, Uttar Pradesh, India. The contract was awarded by the Office of the Superintending Engineer, PMGSY Circle, PWD, Agra, and involves domestic execution within an 18-month timeframe.
Also Read: Penny stock under Rs 25: This micro-cap company has undertaken a strategic initiative to expand its business operations in Union Territory of Jammu & Kashmir
Earlier, a joint venture between RPP Infra Projects Ltd (60 per cent) and V. Sathyamoorthy & Co (40 per cent) was awarded a major upgrade project for Raipur Railway Station on an Engineering, Procurement and Construction (EPC) model. The total contract value is Rs 412.81 crore (including GST), which translates to Rs 412,81,85,732.06. The project will be executed within a period of three years.
In terms of finances, RPP Infra Projects has a market cap of Rs 570 crore. The company reported amazing numbers in its Quarterly Results and annual results. The company’s shares have a PE of 9.7x whereas the industry PE is 22x. The stock gave multibagger returns of 180 per cent in just 1 year whereas BSE Sensex Index is up by 24 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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