Rs 265 crore order book: This multibagger micro-cap company and Nippon Koei, Japan shortlisted for multiple projects by Tanzania National Roads Agency!
The stock is up by 76 per cent in 2 years and gave multibagger returns of over 200 per cent in 3 years.
Dhruv Consultancy Services Ltd (BSE Script Code: 541302: NSE Script Code: DHRUV), one of the leading infrastructure consultancy companies in India, informed that the company along with Nippon Koei Co. Ltd of Japan have been shortlisted to submit the request for proposal (RFP) letter as “Consultant” towards consultancy services by the Tanzania National Roads Agency — Ministry of Works and Transport — The United Republic of Tanzania. The orders are related to the engineering, procurement, construction and financing (EPC+F) Mode of Contract.
Earlier, the company along with G Engineering Advisory Services Pvt Ltd and in association with Kaius Consulting Pvt Ltd received the letter of award for providing consultancy services HAM Mode under Bharatmala Pariyojana Phase -I in the State of Andhra Pradesh, from the National Highways Authority of India (NHAI). The contract price for the said Project will be Rs 7,38,00,000 or Rs 7.38 crore excluding GST. The contract period will be of 48 months.
Furthermore, the company announced that a meeting of the Board of Directors of the company will be held on Friday, August 11, 2023, to consider unaudited financial results of the company for the 1st quarter ended June 30, 2023 and likely to announce dividend if any.
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Dhruv Consultancy Services is a project management consultancy firm in the field of infrastructure. The company received multiple orders worth over Rs 20 crore in 2023-2024. Including all the orders the company’s order book stands at over Rs 265 crore to date.
On Tuesday, shares of Dhruv Consultancy Services plunged 0.55 per cent to Rs 50.72 per share with an intraday high of Rs 52 and an intraday low of Rs 50.50. The stock is up by 76 per cent in 2 years and gave multibagger returns of over 200 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.