This micro-cap stock jumps upto 9% after the company received multiple orders. The stock has delivered 16% returns to the investors in past six months. The stock closed 16% blow the 52-week high. The company shares are currently, trading above the both 50-day and 200-day moving averages.
Dhruv Consultancy Services Ltd
Dhruv Consultancy Services Ltd the company belongs to a micro-cap category with a market capitalisation of Rs. 92 Cr. On Monday company shares closed 7.09% up at Rs. 61.20 on NSE.
According to the company filing, Dhruv Consultancy Services Ltd has received a letter of award from the National Highways Authority of India for independent engineering services during the O&M phase for 4 laning of Sangli-Solapur section of NH-166 from Km. 182/556 to Km. 378/100 on HAM Mode In the state of Maharashtra. The value of the project is Rs. 9.9 Cr, the contract period will be 60 months.
Dhruv Consultancy Services Ltd has received a letter of award from the National Highways Authority of India for independent engineering services during O&M phase for four laning of the Solapur- Vijayapura section of NH-52 from Design Ch.0.000 to Ch. 110.542 in the state of Maharashtra and Karnataka on DBFOT mode & Akkalkot-Solapur section of NH-150E with Paved shoulders from design Ch. Km. 99.400 to Km. 138.352 in the state of Maharashtra on HAM mode. The value of the project is Rs. 9 Cr, the contract period will be 60 months.
Dhruv Consultancy Services Ltd along with Ayoleeza Consultants Pvt Ltd. and in association with Transtek Engineering and Services Pvt Ltd has received a letter of award from the Office of the Regional Officer Bihar, Ministry of Road Transport and Highways for improvement to two lanes with paved shoulder from Ramnagar to Roseda from Km 3.500 to Km 43.000 of NH-527E in state of Bihar on EPC mode. The value of the project is Rs. 10.62 Cr, the contract period will be 138 months.
As per the company filing, total revenue declined by 36% from Rs. 17.76 Cr in Q1 FY23 to Rs. 11.51 Cr in Q1 FY24 and for the same period, net profit grew by 100% from Rs. 0.44 Cr to Rs. 0.88 Cr.
As per the latest shareholding information, Promoters hold 62.62%, FIIs hold 0.05% and the Public hold a 37.33% stake in the company.
Dhruv Consultancy Services Ltd the business offers commercial and public organizations consultancy services in the infrastructure industry.
Written by Sheshadri N
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