Stock in Focus: This civil construction company receives multiple orders worth Rs 2,228.22 crore!
The stock gave returns of 34.27 per cent in just 1 year and multibagger returns of over 173 per cent in the last 2 years.
H.G. Infra Engineering Limited informed the exchanges (BSE Script Code: 541019; NSE Script Code: HGINFRA) that it has received 2 orders worth Rs 2,228.22 crore from NHAI under hybrid annuity mode (HAM).
Project 1: Construction of 6-lane greenfield Varanasi-Ranchi-Kolkata highway from Deoria village to Donoreshan village under Bharatmala Pariyojana in the State of Jharkhand. The order is worth Rs 1,303.11 crore which will be completed within 730 days.
Project 2: Construction of 6-lane greenfield Varanasi-Ranchi-Kolkata highway from Junction with NH-320 in Lepo village to Kamlapur village under Bharatmala Pariyojana in the State of Jharkhand. The order is worth Rs 925.11 crore which will be completed within 730 days.
Today, shares of H.G. Infra Engineering Ltd (HGIEL) surged 0.86 per cent from their previous closing of Rs 781.35 to Rs 788.05 per share with an intraday high of Rs 808.60 and a low of Rs 786.85. The stock has a PE of 13.96x whereas the industry PE is 33.22x and ROE of 25.01 per cent respectively.
(HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works.
According to the Quarterly Results and annual results the company has reported positive numbers. The company has also bagged multiple projects in the financial year 2022-2023.
The stock gave returns of 34.27 per cent in just 1 year and multibagger returns of over 173 per cent in the last 2 years.