At Rs. 40.35, this penny stock reaches an upper circuit of 10%. The strong and rising volume that has above the averages from the preceding day and week are supporting the stock price and this stock has climbed 33% in one year. The stock is currently trading above the 50-day and 200-day moving averages.
HEC Infra Projects Limited
HEC Infra Projects Limited offers electrical engineering services. The company provides electrical and electromechanical services to consultants and clients. It offers services in the field of electromechanical projects.
HEC Infra Projects Ltd is a penny stock, with a market capitalization of Rs.40 Cr. On Thursday the stock opened at Rs. 36.70 and locked 10% upper circuit at Rs. 40.35 after bagging an order of Rs. 37.01 Cr from Haryana Vidyut Prasanna Nigam Ltd.
This order is for the supply, erection, civil, Testing and commissioning of equipment for the construction of 132 KV & 66 KV composite transmission lines in the Faridabad, Rohtak and Sisra areas to be executed within the period of 15 months and 9 months respectively.
As per the company filings, the total standalone revenue grew by 11.07% YoY from Rs. 12.01 Cr in Q1 FY23 to Rs. 13.34 in Q1 FY24, and for the same period net profit rose by 67% YoY from Rs. 0.12 Cr to Rs. 0.20 Cr.
As per the June 2023 shareholding information, Promoters own 73.2%, DIIs own 8.52%, and the Public & Others own an 18.28% stake in this company.
Written by Sheshadri N
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