Rs 11,246 crore orderbook: This multibagger mid-cap company bagged 3 orders total worth Rs 338 crore - Details inside!
The stock has given multibagger returns of 145 per cent in a year and 293 per cent returns in 3 years.
Ahluwalia Contracts (India) Ltd trading at Rs 1,136 with monthly gains of 26 per cent. On March 7, 2024, company received 3 orders from different entities, contract orders as following:
Order 1 - Ahluwalia Contracts (India) Ltd received 1st order of Construction of Amity University, Phase-2, (AU) Ranchi Campus, Jharkhand from Ritnand Balved Education Foundation. The project is worth Rs 75 crore and to be completed within dead line of 15 months.
Order 2 - Company received 2nd order of Construction of Bird Hotel, Noida International Airport, Jewer up from Bird Hotel Jewar Pvt. Ltd. The project is worth Rs 90 crore and to be completed within dead line of 15 months.
Order 3 - Company received 3rd order of Sub-Contract Work from CINDA's Bangalore for Civil Work - For Foxconn Elephant Project. The project is worth Rs 90 crore and to be completed within dead line of 9 months.
Ahluwalia Contracts (India) Ltd is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India.
Talking about finances, Ahluwalia Contracts has a market cap of Rs 7,610 crore. Both the company's Quarterly Results and annual consolidated financial statements showed amazing numbers. In Q3FY24, net sales and net profit rose by 38.08 per cent and 57.77 per cent, respectively over Q3FY23. In FY23, net sales and net profit rose 5.04 per cent and by 25.16 per cent over FY22.
The stock has a 52-week high of Rs 1,276 and a 52-week low of Rs 448. The stock has given multibagger returns of 145 per cent in a year and 293 per cent returns in 3 years.
Investors should keep an eye on this Mid-Cap stock under their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.