This Microcap stock which deals in the business of Engineering, Procurement, and Construction (EPC) services in infra space hit a 2 percent upper circuit after the company received multiple orders worth Rs. 625 crore from GHV (India).
Price Action
With a market capitalization of Rs. 5.88 Crores, the shares of GHV Infra Projects Limited were up by 1.99 percent in the day’s trade. The stock touched a day’s high of Rs. 84.02 per share which was 1.99 percent higher from the previous closing price of Rs. 82.38. The stock stayed within the upper circuit limit after the contract was awarded. The stock has delivered a multi-bagger return of 325 percent on a YTD basis and has outperformed the Nifty Index.
What Happened
The company received a multiple order from GHV (India). The first order is to strengthen and improve various roads in Mumbai, Maharashtra state worth Rs. 546 crore with a completion period of 24 months. The second order includes balance works of four laning of the Balwara to Dhangaon section under Bharatmala Pariyojana Phase-I in the state of Madhya Pradesh which excludes the Construction of the Narmada Bridge worth Rs. 79 crore scheduled to be completed in 6 months.
About the Company
GHV Infra Projects Ltd. earlier known as Sindu Valley Technologies specializes in integrated Engineering Procurement and Construction (EPC) services within the infrastructure sector. The company operates across various segments, including highways, railways, buildings, and water management. Their business model emphasizes technological excellence and timely project execution, aiming to meet global infrastructure demands.
Financials
Its Revenue from operations in Q2FY25 stood at Rs. 1.05 crore and profits for the same quarter stood at Rs. 0.28 crore.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a share of 73.55 percent in GHV Infra Projects and public holdings standing at 26.45 percent.
Written by Santhosh S
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