Shares of this microcap company clocked a 5 percent upper circuit on Thursday’s trading session after reporting a consolidated order book of ₹1,186 crore as of March 31, 2024.
On Thursday’s trade, Brahmaputra Infrastructure Ltd. shares hit a 5 percent upper circuit to ₹87 a share on the Bombay Stock Exchange, and the company has a market capitalization of ₹252 crore.
The company’s share price surged significantly following the announcement made in an exchange filing, where it reported a consolidated order book totaling ₹1,186.67 crores as of March 31, 2024.
This comprised various segments, with ₹146 crores attributed to bridge work, ₹504 crores to building work, ₹151 crores to river protection work, ₹138 crores to road work, ₹231 crores to tunnel work, and ₹14.39 crore allocated to warehouse and other miscellaneous work.
Brahmaputra Infrastructure Ltd is in the EPC & Real Estate Development Business and handles various projects like the construction of Bridges, Flyovers, Highways, Airport, Building Construction, Tunnel projects, and Mining projects.
Brahmaputra Infrastructure Ltd’s stock has surged a multibagger return of 93 percent over the past six months and 200 percent over the past twelve months. For instance, if an investor had put ₹1 lakh into the company a year ago, it would now be valued at ₹3 lakh.
Recently, the company received a Letter of Acceptance (LoA) from the office of the Chief Engineer, Water Resource Department, Guwahati, for the execution of river Protection works totaling ₹ 69.96 crore.
Furthermore, the company has secured multiple orders from the Water Resource Department, encompassing works for the Palashbari and Gumi/Guwahati West Subproject, amounting to ₹ 45.72 crores, along with Riverbank Protection Works for the Palashbari-Gumi subproject in Kamrup (Rural) district, valued at ₹ 24.24 crores. These projects are scheduled for completion within 36 months.
Moreover, the company holds a robust presence in various infrastructure sectors, including bridges, flyovers, highways, airports, buildings, tunnels, and mining projects, with a strategic focus on EPC and real estate development.
Written by Omkar Chitnis
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