Trending stock below Rs 50: This micro-cap construction company wins an order worth Rs 491.33 crore!
Over the last six months, the stock has returned over 16 per cent.
RPP Infra Projects Ltd informed that it won a new order worth Rs 499.33 crore. Details below:
The order Jal Jeevan Misson- CWSS to 2 Municipalities, 5 Towns Panchayats and 2306 rural habitations in 11 Panchayat Unions of Ramanathapuram District and Oddanchatram Municipality, Keeranur and Neikkarapatty Town panchayats and 1422 Rural Habitations in 7 Unions of Dindigul District with river Cauvery as source-Tender called for- Package-V.
The contract is priced at INR 491.33 crore (Out of Which RPP Infra Projects Share is Rs 196.53 crore) and is expected to be completed on September 27, 2024. The Entire work is given back-to-back to RPP Infra Projects Limited.
On Thursday, shares of RPP Projects surged 0.31 per cent from its previous closing of Rs 42.07 to Rs 42.20 per share with an intraday high of Rs 43.07 and an intraday low of Rs 41.70. The stock has a 52-week high of Rs 52.90 and a 52-week low is Rs 29.60.
In 1995, RPP Infra Projects Limited was formed. It is involved in the construction of many infrastructure sectors such as roads, buildings, industrial structures, power, irrigation and waste management.
In terms of finances, RPP Infra Projects has a market cap of Rs 156.81 crore. Net sales climbed by 56.24 per cent in FY22 to Rs 801.68. Net sales climbed by 56.24 per cent in FY22 to Rs 801.68 crore, up from Rs 513.11 crore in FY21. During the current fiscal year 2022-2023, the company received numerous orders from various clients.
Over the last six months, the stock has returned over 16 per cent. Investors should keep an eye on this Small-Cap stock.