The shares of one of the Smallcap company, specializing in the development of highways and other transportation infrastructure projects, are in focus upon a Bulk Deal Involving Larsen & Turbo Limited.
Price action
With a market capitalization of Rs. 17,714.71 crores on Friday, the shares of National Highways Infra Trust Ltd jumped upto 1.12 percent making a high of Rs.135.00 per share compared to its previous closing price of Rs. 133.50 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 Larsen & Turbo bought fresh shares of 1.2 crore equity shares at Rs. 124.71 apiece on March 20, and bought 2.24 crore equity shares at Rs. 133.50 apiece on the same date resulting in a total value of around Rs. 448.65 Crore.
Along with it, Vidyaniti LLP bought fresh shares of 3.74 crore equity shares at Rs. 133.50 apiece on March 20, resulting in a total value of around Rs. 499.2 Crore. SBI Mutual Fund Limited sold 6.1 crore shares at Rs. 133.50 apiece on March 20, resulting in a total value of around 814.6 Crore.
About the Company
National Highways Infra Trust (NHIT) is an infrastructure investment trust (InvIT) focused on owning and operating toll-operating, asset-managed highways in India. It aims to provide a stable income to investors by acquiring and managing operational national highway projects. NHIT is backed by government-owned entities and aims to improve infrastructure while delivering long-term value.
Key Insights
The company has a low P/E ratio of 9.86, significantly below the industry average of 42.4. It maintains a healthy debt-to-equity ratio of 0.73 and has shown impressive financial growth, with an average 3-year revenue growth of 88.01 percent and net profit growth of 62.66 percent.
Financials
The company’s revenue rose by 139 percent from Rs. 240.81 crore to Rs. 577.83 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs. 73.91 crore to Rs. 74.5 crore during the same period.
Written by Sridhar J
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