Multibagger Stock: This civil construction company bags new projects worth Rs 771.46 crore!
Shares of this company have given about 25 per cent returns in the last one year.
On May 06, 2023, PNC Infratech Limited informed in the exchange filing that the company has signed a contract agreement for an EPC project with Haryana Orbital Rail Corporation Limited (HORCL) for a contract value of Rs 771.46 crore.
The order involves, the design and construction of civil works (earthwork, bridges, station buildings, retaining walls and other miscellaneous works) from km 29.68 to 49.70 and from km 55.60 to 61.50 and its connectivity to the Indian Railways network from New Patli to Patli Station and New Patli to Sultanpur Station including modifications/civil works at Sultanpur Station in connection with laying of a New BG Double Railway Line of HORC. The project is to be constructed in 30 months with an order value of Rs 771.46 crore.
PNC Infratech Limited is one of the front-ending infrastructure development, construction and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development and other infrastructure activities. The shares of the company have delivered multibagger returns of over 180 per cent in the last three years.
DSIJ offers a product 'Tiny Treasure' with recommendations for Small-Cap & micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here
Today, the stock opened at Rs 307.05, with a high and low of Rs 319.90 and Rs 307.05. Currently, the stock is currently trading at Rs 312.90, up by 2.88 per cent over its previous close of Rs 304.15.