Multibagger penny stock at Rs 87 and Rs 1,186.67 crore order book: This civil construction company bags new orders worth Rs 69.96 crore from Water Resource Department
The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 475 per cent in 3 years.
Today, shares of Brahmaputra Infrastructure Ltd were locked in a 5 per cent upper circuit to Rs 87 per share from its previous closing of Rs 82.83. The stock’s 52-week high is Rs 87 per share while its 52-week low is Rs 27.99.
Brahmaputra Infrastructure Ltd. secured a contract worth Rs. 69.96 Crore from the Water Resource Department, Assam, for river protection work in the Palashbari and Gumi/Guwahati West areas. The contract involves underwater and above-water bank protection works and will be executed in EPC mode (Engineering, Procurement, and Construction) over a period of 36 months. The contract consists of three separate lots: Lot 1 valued at Rs. 24.25 Crore, Lot 2 valued at Rs. 21.47 Crore, and Lot 3 valued at Rs. 24.24 Crore.
According to Quarterly Results, net sales decreased by 5.25 per cent to Rs 52.89 crore while the net profit increased by 61 per cent to Rs 5.27 crore in Q3FY24 compared to Q3FY23. The company have an order book of Rs 1,186.67 crore along with its Joint operations as of March 31, 2024.
Founded in 1998, Brahmaputra Infrastructure Ltd. (BIL) is a versatile construction company with a strong foothold in diverse infrastructure sectors. BIL thrives in the EPC & Real Estate Development Business, undertaking projects ranging from the construction of bridges, flyovers, and highways to airports, buildings, tunnels, and even mining projects. They have successfully developed and managed the largest shopping mall in Northeast India, showcasing their expertise in large-scale infrastructure projects.
The shares of the company have a PE of 12.4x whereas the industry PE is 30.2x. The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 475 per cent in 3 years. Investors should keep an eye on this micro-cap civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.