52-week high alert & Rs 18,300 crore order book: Multibagger civil construction company secured new contract worth Rs 893 crore
The stock gave multibagger returns of 410 per cent in 2 years and a whopping 1,730 per cent in 3 years.
On Tuesday, shares of ITD Cementation gained 9.3 per cent to an intraday high of Rs 830.65 per share from its previous closing of Rs 760.20. The stock also made a new 52-week high of Rs 830.65 and its 52-week low is Rs 423.80. The shares of the company saw a spurt in volume by more than 6 times.
ITD Cementation India Limited has secured a contract worth Rs 893 crore, including GST, for the construction of Berth & Breakwater for the development of Greenfield Captive Jetty(s) in Odisha.
ITD Cementation India Limited is one of the leading engineering and construction companies undertaking heavy civil, infrastructure and EPC business and operating in India for nine decades with an established presence and expertise in maritime structures, mass rapid transit systems, airports, hydro-electric power, tunnels, dams & irrigation, highways, bridges & flyovers, industrial structures and buildings, water & waste water and foundation & specialist engineering.
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The company has a market cap of over Rs 14,000 crore and has delivered good profit growth of 38.3 per cent CAGR over the last 5 years with a median sales growth is 17.9 per cent over last 10 years. The company has an order book of Rs 18,300 crore. The stock gave multibagger returns of 410 per cent in 2 years and a whopping 1,730 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.