Rs 4,717 crore order book: This multibagger civil construction company bags new orders worth Rs 38,63,50,000 from WDFC Field Unit Jaipur-Civil
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 141.35 per share.
Vishnu Prakash R Punglia Limited announced that it has been awarded a contract worth Rs 386.35 million by the WDFC Field Unit, Jaipur-Civil, to provide additional connectivity from CMLK (CONCOR Siding at Khatuwas) at the REJN end under the jurisdiction of CGM/JP of WDFC. The company was selected as the preferred bidder following a competitive tender process, and the Letter of Acceptance was recently received. Vishnu Prakash R Punglia Limited looks forward to collaborating closely with the WDFC Field Unit, Jaipur, and other stakeholders to successfully execute the project.
Earlier, Vishnu Prakash R Punglia Limited (VPRPL) secured a contract worth Rs 886.16 million from the Office of DYCE-C-AII-ENGINEERING, North Western Railway, Ajmer, for the construction of bridges, road under bridges, earthwork, platforms, and other ancillary works between Pushkar and Katyasani as part of the Pushkar-Merta New BG line project. VPRPL emerged as the successful bidder after a competitive tender process, marking a significant milestone for the company.
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Vishnu Prakash R Punglia Limited is one of India's fastest-growing infrastructure development companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. As of June 30, 2023, the company’s order book stands at Rs 4,717 crore.
On Monday, shares of Vishnu Prakash R Punglia Ltd gained 5.32 per cent to Rs 293.15 per share with an intraday high of Rs 297 and an intraday low of Rs 271.20. The stock also made a fresh 52-week high of Rs 297 per share. The company has a market cap of Rs 3,654 crore and has delivered good profit growth of 58.5 per cent CAGR over the last 5 years. The shares of the company have an ROE of 25 per cent and an ROCE of 20 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 141.35 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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