The shares of the versatile construction company gained up to 3 percent after the company signed the agreement with the Chief Engineer Water Resource Department worth Rs 69.96 crore.
With a market capitalization of Rs 246.66 crore, the shares of Brahmaputra Infrastructure Ltd were trading at Rs 85.00 per share, increasing around 1.43 percent as compared to the previous closing price of Rs 83.80 apiece.
According to the company filing, Brahmaputra Infrastructure Ltd signed an agreement with the Chief Engineer Water Resource Department for the procurement of works for the Palashbari-Gumi Riverbank Protection Works PalashbariGumi subproject in Kamrup (Rural) district (at Siminia area, Makadhuj Area to Futuri, Dakhala (Kalitapara), Guimara and Adaptation Works) underwater riverbank protection works (Section 1) and above water riverbank protection works worth Rs 69.96 crore.
Looking into Brahmaputra Infrastructure Ltd’s performance, revenue decreased by 5 percent from Rs 55.81 Crore in Q3FY23 to Rs 52.89 Crore in Q3FY24. During the same time frame, net profit increased by 60 percent from Rs 3.28 crore to Rs 5.27 crore.
The stock has delivered returns of 62.13 percent in the last six months and a multi-bagger return of 163.47 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.63 lakh in a year.
Recently, the company made a significant announcement in an exchange filing, where it reported a consolidated order book totaling ₹1,186.67 crores as of March 31, 2024.
The budget included ₹146 crore for bridge work, ₹504 crore for building, ₹151 crore for river protection, ₹138 crore for road maintenance, ₹231 crore for tunnel work, and ₹14.39 crore for warehouse and miscellaneous work.
Brahmaputra Infrastructure Limited is an India-based corporation that specializes in EPC and real estate. The company works in two segments: EPC and Real Estate.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
