Under Rs 10: Microcap Infra Company Bags Order Worth Rs 8,50,00,000 from Apar Industries & Mastercook; Stock Rallies Around 10 per cent Today!
The company’s shares have delivered an impressive return of around 30 per cent in the past 1 month only.
Shashijit Infraprojects Ltd, a prominent construction company in South Gujarat, has announced the receipt of Letter of Intent (“LOIs”) for various civil works from clients including Apar Industries Limited and Mastercook Houseware LLP.
As per the press release from Apar Industries Limited, it has secured LOIs totalling approximately Rs 45 million (excluding taxes) for projects located at their Khanvel Unit and Rakholi Unit in the UT of DNH & DD. Additionally, it has received an LOI from Mastercook Houseware LLP for projects valued at around Rs 40 million (excluding taxes) at its site in Valsad, Gujarat. These awards underscore the company’s commitment to excellence in the construction industry and highlight our ongoing growth in the region.
Read Mukul Agrawal-Backed Semiconductor Stock Hits Back-to-Back Upper Circuit for 2 Days; Stock Gains Over 180 Per cent in Just 6 Months!
Incorporated in 2007, Shashijit Infraprojects Ltd specializes in the construction of residential, industrial, commercial, and institutional buildings. The company is involved in civil project management, encompassing the design, procurement, and development of industrial, commercial, residential, and powerhouse buildings, factories, public utility buildings, and infrastructure development projects. The company is currently focusing on new ventures in infrastructural development, including roads, rail infrastructure, bridges, dams, and other government contracting activities. The company also offers general contracting, pre-construction management, and turnkey development services.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Shashijit Infraprojects Ltd shares closed the day at around Rs 7.92 per share. The company’s current market capitalization stands at Rs 40.96 crore. The stock has delivered a return of around 28 per cent in just 1 month.
As per the Quarterly Results, in the fourth quarter of FY24, it recorded a revenue of Rs 6.70 crore. The operating profit for Q4 FY24 stood at Rs 0.16 crore. The net loss for Q4 FY24 was Rs 1.02 crore. Looking at the annual performance, the company generated a revenue of Rs 27.35 crore in FY24, compared to Rs 35.30 crore in FY23. The operating profit for FY24 was Rs 2.21 crore, with a net loss of Rs 0.61 crore.
According to the shareholding pattern, promoters hold 51.16 per cent stake in the company, while the remaining 48.83 per cent stake is held by other shareholders.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.