This small-cap construction company bags an order of Rs 2,450 crore, which is 69 per cent of its market capital
The quarterly results a jump of 10 per cent in the operating margins and the net profit grew by 6.71 per cent, which has been the highest in the past two years.
The shares of Ahluwalia Contracts (India) share saw a spurt in the trading volume of 1.76 per cent and soared by almost 3 per cent in Tuesday’s trading session.
The company has won an order which is 69 per cent of its market capitalization. The company has secured an order worth Rs 2,450 crore for the re-development of Chhatrapati Shivaji Maharaj Terminus (CSMT) at Mumbai, from the Rail Land Development Authority. The order inflow during the current FY24 stands at Rs 3,006.58 crore till date. The company has a market cap of 3,545.65 crore.
The Quarterly Results a jump of 10 per cent in the operating margins and the net profit grew by 6.71 per cent, which has been the highest in the past two years. The company also delivered an EPS of 24.51 per cent highest since the pre covid levels. The company's management has also kept the company almost debt free.
The shares of Ahluwalia contracts have delivered multibagger returns as the share price of the company skyrocketed by almost 200 per cent in the last 3 years.
Investors should keep this multibagger stock under their radar.