Low PE high ROE multibagger stock: This small-cap company has been declared as an L-1 bidder for an order worth Rs 535.15 crore!
The stock has a low PE of 12.85x and high ROE of 30.45 per cent with multibagger returns of 162.44 per cent.
Today, shares of H.G. Infra Engineering Ltd (HGIEL) surged 3.96 per cent from their previous closing of Rs 719.50 per share to the day’s high of Rs 747.95. The stock has a low PE of 12.85 x whereas industry PE is 37.7x and high ROE of 30.45 per cent respectively. The stock gave multibagger returns of 162.44 per cent in just 2 years.
Recently, the company has been declared as the lowest bidder (L1) by Rail Vikas Nigam Limited, Chandigarh (the “RVNL”) for an order worth Rs 535.16 crore.
The project includes the construction of foundations along with River training/protection work, earthwork & allied works for viaducts 1 & 2 in connection with the Bhanupali-BilaspurBeri New Railway Line in District Bilaspur of Himachal Pradesh State, India and will be completed in 30 months from the date of the announcement.
H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works.
According to the Quarterly Results and annual results the company has reported positive numbers. The stock has increased by 32.98 per cent over the past six months, with a 52-week high of Rs 783.50 and a 52-week low of Rs 508.55. Investors should keep an eye on this Small-Cap stock.