Stock below Rs 50: This small-cap company wins multiple orders worth Rs 275.68 crore!
The stock has a 52-week high of Rs 52.90 and a 52-week low of Rs 29.60.
RPP Infra Projects Ltd informed that it has won multiple orders worth Rs 275.68 crore. Details below:
Work Order No 1: For widening the East Coast Road (ECR) to six lanes from km 15/700-22/300 at Neelangarai, Injambakkam and Solinganallur Village for the contract price of Rs 104.79 crore and is expected to be completed within 24 months from the appointed date.
Work Order No 2: Received a letter of acceptance for a new project viz, "Package no MPUSIP 4H- Improvement to water supply service in Sheopurkalan & Badoda Nagar Parishads in Sheopur Districts in Madhya Pradesh at a contract price of Rs 170.89 crore". M/s. RPP Infra Projects Limited (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 plunged 3.85 per cent from its previous closing of Rs 43.66 to Rs 41.98 per share. The stock has a 52-week high of Rs 52.90 and a 52-week low of 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 156 crore. In FY22 net sales was 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 8.06 per cent over the past month and 13.13 per cent over the past six months. Investors should keep this Small-Cap stock on their watch list.