Stock below Rs 50: This small-cap company wins a new order worth Rs 148.08 crore!
The stock has a 52-week high of Rs 52.90 and a 52-week low of Rs 29.60.
RPP Infra Projects Ltd informed that it won a new order worth Rs 148.08 crore. Details below:
The order includes repair & construction works of old buildings for the reopening of the old District Jail at Bareilly Uttar Pradesh, India on an EPC Basis at a contract price of Rs 148.08 crore and is expected to be completed as on October 31, 2024.
Today, shares of RPP Projects surged 1.91 per cent from its previous closing of Rs 38.83 to Rs 39.85 per share with an intraday high of Rs 40.51 and an intraday low of Rs 39.20. The stock has a 52-week high of Rs 52.90 and a 52-week low of Rs 29.60.
RPP Infra Projects Limited was incorporated in 1995. It is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and waste management.
Talking about the financials, RPP Infra Projects has a market cap of Rs 147.04 crore. In FY22 net sales increased by 56.24 per cent to Rs 801.68 crore compared to Rs 513.11 crore in FY21. In the current financial year 2022-2023, the company has won multiple orders from various clients.
The company's stock has returned 7.53 per cent over the past 6 months. Investors should keep this Small-Cap stock on their watch list.