On Friday this small-cap stock jumps up to 4% after the company bagged an order worth Rs. 3,087 Cr. This stock has delivered 65% returns in six months and 41% returns in one year. The stock is currently trading above the 50-day and 200-day moving averages. 

J Kumar Infraprojects Ltd

J Kumar Infraprojects Ltd has a market capitalization of Rs. 3,087 Cr making it has small-cap company. On Friday company stock rose up to 4%, at 13:20 p.m., shares were trading 3.7% up at Rs. 409 on NSE, which is 6% below the 52-week high.

The Joint Venture formed between the company and NCC has been awarded the contract relating to the Design, Construction and Operation of a twin tunnel from Film City Goregaon to Khindipada Mulund including the box tunnel at Film City, Electrical, Mechanical and associated works.

The sharing ratio of the parties in the JV is JKIL (49%) & NCC (51%). The value of the contract is Rs. 6,301 Cr. The shares of works to be executed by JKIL works out to Rs. 3,087 Cr and the duration of the project is 5 years.

The company’s total revenue grew by 13% from Rs. 999.49 Cr in Q1 FY23 to Rs. 1,138.37 Cr in Q1 FY24 and for the same period, net profit increased by 17.6% from Rs. 61.91 Cr to Rs. 72.83 Cr.

As of June 2023, Promoters hold 46.65%, the Public hold 30%, DIIs hold 13.29% and FIIs hold a 10.06% stake in the company.

J Kumar Infraprojects Ltd is engaged in construction activities. It builds highways, bridges, and flyovers, as well as swimming pools, earthen dams, airport contracts, and housing and commercial complexes. 

Written by Sheshadri N


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