Stock below Rs 50: This small-cap construction company wins an order worth Rs 499.33 crore!
The company's stock has returned 21.06 per cent over the past 6 months.
RPP Infra Projects Ltd informed that it won a new order worth Rs 499.33 crore. Details below:
The order Jal Jeevan Misson- CWSS to 2 Municipalities, 5 Towns Panchayats and 2306 rural habitations in 11 Panchayat Unions of Ramanathapuram District and Oddanchatram Municipality, Keeranur and Neikkarapatty Town panchayats and 1422 Rural Habitations in 7 Unions of Dindigul District with river Cauvery as source-Tender called for- Package-V at a contract price of INR 491.33 crore + (Out of Which RPP Infra Projects share is Rs 196.53 crore) and is expected to be completed as on September 27, 2024.
Today, shares of RPP Projects surged 2.68 per cent from its previous closing of Rs 40.97 to Rs 42.07 per share with an intraday high of Rs 44.43 and an intraday low of Rs 40.50. The stock has a 52-week high of Rs 52.90 and a 52-week low is 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 156.33 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 21.06 per cent over the past 6 months. Investors should keep this Small-Cap stock on their watch list.