Stock below Rs 50: This small-cap company wins an order worth Rs104.55 crore!
In FY22 net sales increased by 56.24 per cent to Rs 801.68 crore compared to Rs 513.11 crore in FY21.
RPP Infra Projects Ltd won an order from the Government of West Bengal for the work of a groundwater based mini-piped water supply scheme. The worth of the order received is Rs 1,04,54,65,604.82, inclusive of all taxes and charges as per terms & conditions.
The project will be covered under 8 blocks namely Balurghat, Hili, Kumarganj, Tapan, Gangarampur, Kushmandi, Banshihari and Harirampur in Balurglhat Division, West Bengal. RPP Infra Projects Ltd (51 per cent holding) along with its JV partner (49 per cent holding) will invest in the project as per their capacity of holding and complete the above project within the decided timelines.
Today, shares of RPP Projects Ltd surged 3.69 per cent from its previous closing of Rs 43.40 to Rs 45 per share. The stock has a 52-week high of Rs 75.20 and a 52-week low is Rs 29.60.
RPP Infra Projects Limited was incorporated in 1995. It is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and waste management.
Talking about the financials, RPP Infra Projects has a market cap of Rs 170.16 crore. In FY22 net sales increased by 56.24 per cent to Rs 801.68 crore compared to Rs 513.11 crore in FY21. The company's stock has returned 9.71 per cent over the past month and 21.68 per cent over the past six months. Investors should keep this stock in their watch list.