The shares of this smallcap company, specializing in the development of highways and other transportation infrastructure projects, came into focus after a bulk deal involving Axis Bank.
Stock Performance
With a market capitalization of Rs 25,847.27 crore, National Highways Infra Trust fell nearly 1 percent in Thursday’s trading session and made an intraday low of Rs 133.45 per share compared to its previous closing price of Rs 133.68 per share.
What Happened
National Highways Infra Trust engaged in the development of highways and other transportation infrastructure projects, recently experienced a bulk deal, in which Axis Bank sold 1.71 crore equity shares of the company at an average price of Rs 133.8 per share. The total transaction value amounts to Rs 229.8 crore.
Company Overview
National Highways Infra Trust was originally established to make investments in special purpose vehicles. It was set up by the National Highways Authority of India (NHAI). The company has various projects like Swaroopganj Project, Abu Road Project, Belgaum Project and Kurnool Highway Project.
Financials
Looking at the latest financial performance, the company reported a massive 144 percent increase in revenue from Rs 232 crore in Q3 FY24 to Rs 567 crore in Q3 FY25. This was accompanied by a modest 3 percent growth in net profits from Rs 72 crore to Rs 74 crore during the same period.
Written by Shwetha Sairam
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