Rs 4,717 Crore Order Book: Railway Infra Stock Hits 52-Week High; Recently Bagged Contract Worth Rs 886.16 Million from North Western Railway Ajmer!
The shares of the company gained more than 50 per cent in the last 1 year.
This Small-Cap company is one of India's fastest-growing infrastructure development companies. Incorporated in 1986, it is engaged in designing and constructing infrastructure projects for the central and state governments, autonomous bodies, and private entities across nine states and one union territory in India. The company’s stock rallied and hit a 52-week high today with good volumes.
At the start of the day's trading session, the share of Vishnu Prakash R Punglia Ltd opened at Rs 245.05 per share, compared to the previous day's closing figure of Rs 236.30 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 258 per share. The stock has hit a 52-week high, reflecting strong demand in the market. The company's current market capitalization stands at Rs 3215.82 crore, and the stock has generated an impressive return of around 55 per cent in the past 3 months.
Recently, it secured a Rs 886.16 million contract from North Western Railway Ajmer. The project includes constructing bridges, roads under bridges, platforms, and related infrastructure between Pushkar and Katyasani for the Pushkar-Merta New BG line.
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As per the Quarterly Results, in Q4 FY24, Vishnu Prakash R Punglia Ltd recorded a revenue of Rs 657 crore. The operating profit for Q4 FY24 stood at Rs 105 crore. The net profit for Q4 FY24 was Rs 67 crore. Looking at the annual performance, the company generated a revenue of Rs 1474 crore in FY24, compared to Rs 1168 crore in FY23. The operating profit for FY24 was Rs 210 crore with a net profit of Rs 122 crore.
According to the shareholding pattern of Vishnu Prakash R Punglia Ltd, promoters own a 67.81 per cent stake, while public investors hold 27.02 per cent. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) hold 1.08 per cent and 4.08 per cent stakes, respectively.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.