The shares of J Kumar Infraprojects increased by 8 percent to close at Rs 244 on Thursday. Continuing the rally, the stock was trading 2 percent higher at Rs 248 levels till the afternoon on Friday.
In the past month, the stock has shed 13 percent. However, on a YTD basis, the stock has added 52 percent.
The stock price has risen from Rs 102 in October 2020 to the current level, thereby delivering a multibagger return of 134 percent in two years.
Ace investor Dolly Khanna has recently added this multibagger stock to her portfolio. She added 8,13,976 shares or a 1.08% stake in the company in the September quarter of FY22.
J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction, and Piling Work, etc.
In Q2FY23, the company reported a total revenue of Rs 993 crores which is an increase of 47 percent from Rs 675 crores in the same quarter of the previous year. Their net profit in the quarter under review increased by 90 percent to Rs 61 crores up from Rs 32 crores in Q2FY22.
The promoters of the company hold a 46.55 percent stake and have pledged 22.67 percent. Foreign Institutional Investors (FIIs) hold around 8.44 percent stake in the company.
The small-cap company has a market capitalization of Rs 1,844 crores and a dividend yield of 1.2% as on October 28th, 2022.
Written by Anoushka Roy
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