The shares of the infrastructure company gained up to 4 percent after the company announced a joint venture with M/s Mecgale Pneumatics Private Limited worth Rs 31.50 crore.
Shradha Infraprojects Ltd has a market capitalization of Rs 267.29 crore, the shares were trading at Rs 132 per share, increasing around 3 percent as compared to the previous closing price of Rs 128.33 apiece.
Rise for Reason:-
Today the shares of the company have seen bullish movement after Shradha Infraprojects Ltd announced a joint venture with M/s Mecgale Pneumatics Private Limited for the work of upgradation of visitor amenities/ facilities, enhancement of built and natural features at Chaturdash Devta Temple and Kasba Kalibari Temple and Reconstruction of Yatri Niwas at Chaturdash Devta Temple – ADB Project. This project is valued at Rs 31.50 crore.
Financial Performance:-
Examining the company’s financial performance, revenue zoomed by 34 percent from Rs 21.52 crore in Q1FY24 to Rs 29.05 crore in Q1FY25, but during the same time frame, net profit magnified by 113 percent from Rs 2.50 crore to Rs 5.32 crore.
Remarkable Return:-
The stock has given a multi-bagger return of 134.15 percent in just six months and a 202.96 percent return in a year, A shareholder’s investment of Rs. 1 lakh in the firm is worth Rs. 3.02 lakh in a year.
Recent Project:-
Shradha Infraprojects is working on the Construction of a Four-lane “Western side spur of Rampur – Rudrapur section connecting NH-24 (NEW NH-09) to NH-87 bypassing Rampur town” (Design Km 00+000 to Design Km 13+700) on EPC Mode in the state of Uttar Pradesh. The road project involves constructing a four-lane highway, bridges, and culverts.
The project will be executed in multiple phases, each involving the Construction of a specific section of the road. The road construction will use the latest technology and equipment to ensure a high-quality finish and durability.
Company profile:-
Shradha Infraprojects Limited is an India-based infrastructure development company. The Company is engaged in the business of construction of commercial complexes, residential houses, business premises, or civil work of every type and dealing in real estate properties.
Written by:- Abhishek Singh
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