Upper circuit alert: This multibagger micro-cap company bags a new order worth Rs 15 Lakh!

Shares of the company gained more than 150 per cent in the last six months.

DMR Hydroengineering & Infrastructures Limited informed in the exchange filing that the company received a work order for expert service on Dam and Civil Structures to Oju Project Site located in Upper Subansiri, District of Arunachal Pradesh. The order is worth Rs 15.00 Lakhs. Owning to the positive news, the stock saw heavy buying activity by the investors, and the stock got locked into the upper circuit.

Earlier on, 25^th July 2023, the Board of Directors of the company recommended a final dividend of Rs. 0.11 per equity share of Rs. 10 each for the financial year ending March 31, 2023. The board also approved the proposal for fundraising through preferential allotment on a private placement basis, by issuing up to 1,20,000 equity shares having a face value of Rs. 10 which is subject to the approval of the shareholders of the company.

Furthermore, the company was appointed as LIE for monitoring of Indian Renewable Energy Development Agency Limited (‘IREDA’) funded Commissioned 24.00 MW Aniyur hole Small Hydro Project (‘SHP’) located at Aniyur Stream, Neria Village, Belthangadi Taluk, Dakshin Kanada, Karnataka. The order is worth Rs 9.81 Lakhs.

DMR Hydroengineering & Infrastructures Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 22.50 on August 17, 2022, to Rs 68.10 on August 10, 2023, an increase of more than 170% in one year holding period.

DMR is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.