During Thursday’s trading session, the shares of this micro-cap company engaged in the business of real estate construction and development activities hit a 5 percent upper circuit to reach a new 52-week high at Rs. 27.75 on BSE, after receiving a work order worth Rs. 15.3 crores.
With a market cap of Rs. 14.7 crores, the shares of Neo Infracon Limited opened in the green at Rs. 27.75, compared to its previous closing price of Rs. 26.43.
What’s the news:
According to the latest regulatory filings with the BSE, Neo Infracon Limited secured a construction contract/work order of Rs. 15.3 crores.
The order is for the construction of the new building with all civil work building construction activities in Mumbai.
Financials:
The company experienced a significant growth in its revenue from operations, showing a year-on-year increase of around 126 percent from Rs. 0.51 crores in Q1 FY24 to Rs. 1.13 crores in Q1 FY25.
However, its net loss widened during the same period from Rs. 0.22 crores to Rs. 0.5 crores, indicating a decline of nearly 127.3 percent YoY.
Shareholding Pattern:
According to the September 2024 shareholding pattern, the Promoters hold a 58.05 percent stake in the company, while the Retail Investors hold a 41.95 percent stake in Neo Infracon.
Stock Performance
The stock has delivered multibagger returns of nearly 111.7 percent in one year, and around 70.3 percent of positive returns in the last six months. So far in 2024, the shares of Neo Infracon have given about 91.3 percent of positive returns.
About the company:
Neo Infracon Limited is engaged in the infrastructure sector, primarily in the construction of commercial or industrial buildings & civil structures, as well as the construction of residential complexes.
Written by Shivani Singh
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