Low PE multibagger stock: This small-cap construction company receives an order worth Rs 249.19 crore!

Kiran Shroff
/ Categories: Trending, Mindshare
Low PE multibagger stock: This small-cap construction company receives an order worth Rs 249.19 crore!

The stock has a PE of 6.78x whereas the sectoral PE is 26.7x.  

J Kumar Infraprojects Ltd informed that it has received Letter of acceptance from M/s. Bangalore Metro Rail Corporation Limited for a total contract cost of Rs 249,19,35,187 exclusive of GST, in the name of J. Kumar - AICPL (Joint Venture) where the share of M/s. J. Kumar Infraprojects Limited is 55 per cent which comes to approximately Rs 137,05,64,353 exclusive of GST.  

Today, shares of J Kumar Infraprojects plunged 3.25 per cent to Rs 239.80 per share with an intraday high of Rs 249 and a low of Rs 239. The stock has a 52-week high of Rs 351.95 and a 52-week low of Rs 159.80.  

J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work etc.  

J Kumar Infraprojects is a Small-Cap company. In Q3FY23, net sales and net profit rose by 10.01 per cent and 21.06 per cent respectively over Q3FY22. In FY22, net sales and net profit zoomed 37.2 per cent and 222.11 per cent respectively over FY21. The stock has a PE of 6.78x whereas the sectoral PE is 26.7x.   

Today, shares of the company saw a spurt in volume by more than 2.66 times on BSE. The stock is up by 49.77 per cent in the last 1 year and over 204 per cent in the last 3 years. Investors should keep an eye on this multibagger stock.   

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