Stock below Rs 100: Watch out for this micro-cap infra company which was locked in the upper circuit today!
In last one month, shares of the company gained more than 35 per cent.
Shares of RKEC Projects Limited were locked in the upper circuit today. The stock gained 20 per cent in the morning trade. While, the stock closed at Rs 70, up by 11.11 per cent. In the last 8 trading sessions, the stock has gained more than 25 per cent.
Today, the stock opened at Rs 63.55, with a high and low of Rs 75.60 and Rs 62, respectively. The stock has a 52-week high of Rs 76.95 and a 52-week low of Rs 36. The company has a ROCE of 8.63 per cent and a ROE of 4.67 per cent with a market capitalisation of Rs 167 crore.
RKEC Projects is a construction company primarily engaged in the business of civil construction such as the construction of Highways, roads and bridges. During the last decade, the company have undertaken and successfully completed many construction projects in India covering the states of Andhra Pradesh, Tamil Nadu, Gujarat, Odisha, Rajasthan and Maharashtra.
The company has a good reputation among their clients because of its track record, experienced members and proven strength in delivery norms across its all spectrum of services. They have entered into projects for a diverse range of clients including the Defence sector, Railways, Ports, Adani Port, Vedanta, IVRCL, Rashtriya Ispat Nigam and ESSAR.