Penny stock under Rs 20 hit the lower circuit after this civil construction company bagged an order worth Rs 1,38,05,998 from Mumbai
The stock is up by 79.50 per cent from its 52-week low of Rs 10.50 per share.
On Monday, shares of Manav Infra Projects Limited hit a 5 per cent lower circuit to Rs 18.85 per share from its previous closing of Rs 19.80 per share.
Manav Infra Projects Limited announced it secured a new work order for piling work in Chandivali, Mumbai. The total project value, including 18 per cent GST, is approximately Rs 1,38,05,998.
Earlier, the company received a work order for rock anchoring works at Block A Chandak Project in Borivali. The total value of this project is approximately Rs. 44,18,800/-, which is exclusive of 18 per cent GST.
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Established in 1995, Manav Infra Projects Ltd is a construction company that specialises in excavation, piling, road building and rock stabilisation. Beyond construction services, they also offer a comprehensive range of construction equipment rentals, including excavators, loaders and rock breakers. Manav Infra operates across several Indian states, including Maharashtra, Goa, Gujarat and Rajasthan. Their diverse project portfolio includes notable undertakings such as the Kanakia Seven complex in Marol and road construction for JNPT, alongside collaborations with clients like Nirmal Lifestyle and Axis Space Construction.
The company has a market cap of 24.81 crore. The stock falls under the SME segment with a lot size of 4,000 shares. The stock’s 52-week high is Rs 21.59 per share and a 52-week low of Rs 10.50 per share. The promoters of the company own 68.84 per cent and non-promoters own 31.16 per cent stake in the company as of March 2025. The stock is up by 79.50 per cent from its 52-week low of Rs 10.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.