Small-cap companies are typically preferred by investors because they provide a unique combination of diversification and growth potential. This makes them an attractive option for investors who are prepared to take on some risk with the goal of earning larger returns.
Here are three small-cap stocks that have received orders of up to Rs. 674 crore within a month, from April 1st to May 1st, 2024.
PSP Projects Limited
With a market capitalisation of Rs. 2,678.2 crore, the share price of the company moved up by nearly 0.59 percent on the BSE and closed in the green at Rs. 675.6 on Friday, while its previous closing price was Rs. 671.65.
As per the recent regulatory filings with the stock exchanges, the company is in receipt of new work orders worth Rs. 236.32 crores,
The work order is for “Construction of Mall & Multiplex” for Thoth Mall and Commercial Real Estate Private Limited at Surat, Gujarat in Institutional Category, and is expected to be completed within a period of 24 months.
In terms of financials, the company’s revenue from operations grew by nearly 40.2 percent from Rs. 497 crore in Q3 FY22-23 to Rs. 697 crore in Q3 FY23-24. However, the net profit declined by 5.7 percent, from Rs. 35 crore in Q3 FY22-23 to Rs. 33 crore in Q3 FY23-24.
In the last six months, the stock has delivered negative returns of about 13 percent and nearly 6.4 percent in the last one year. So far in 2024, it has given around 11 percent of negative returns.
Incorporated in 2008, PSP Projects Limited is a construction company providing a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India.
Maharashtra Seamless Limited
According to the regulatory filings of April 11th, the company received order worth nearly Rs. 674 crores from ONGC Limited for the supply of casing seamless pipes, with a time period of 44 weeks.
With a market cap of Rs. 11,631 crore, the share price of the stock moved up by 0.75 percent on BSE to hit an intraday high at Rs. 884.95 in the trading session of Friday, compared to its previous closing price of Rs. 878.35.
In terms of financials, the company’s revenue from operations grew by nearly 6.8 percent from Rs. 1,339 crore in Q3 FY22-23 to Rs. 1,431 crore in Q3 FY23-24, accompanied by an increase in the net profit of 72.5 percent, from Rs. 160 crore in Q3 FY22-23 to Rs. 276 crore in Q3 FY23-24.
In the last six months, the stock has delivered positive returns of about 18.2 percent and nearly 103.4 percent of multibagger returns in the last one year. However, so far in 2024, it has given negative returns of around 5.11 percent.
Incorporated in 1988, Maharashtra Seamless Limited is engaged in the manufacturing of steel pipes and tubes and is also engaged in power generation.
HFCL Limited
According to the regulatory filings of April 12th, the company along with its material subsidiary, HTL Limited, has received the purchase orders aggregating to nearly Rs. 64.93 crores for the supply of Optical Fiber Cables to Affiliate of a domestic Telecom Service Provider.
With a market cap of Rs. 14,497 crore, the share price of the stock moved up by 2.6 percent on BSE to hit an intraday high at Rs.106.3 in the trading session of Friday, compared to its previous closing price of Rs. 103.6.
In terms of financials, the net profit of the company grew by 17.15 percent, from Rs. 70 crore in Q2 FY23-24 to Rs. 82 crore in Q3 FY23-24. However, the revenue from operations declined by nearly 7.11 percent from Rs. 1,111 crore in Q2 FY23-24 to Rs. 1,032 crore in Q3 FY23-24.
In the last six months, the stock has delivered positive returns of about 52.4 percent and nearly 55.03 percent in the last one year. So far in 2024, it has given positive returns of around 19 percent.
HFCL Limited, or Himachal Futuristic Communications Limited, is a diverse telecom infrastructure enabler engaged in telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC).
Written By Shivani Singh
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