123.54% In 6 Months! Small Cap Stock Secured Marine Contract Worth Rs 3,290 Cr, Shares Rally

ITD Cementation India Limited, a small cap civil construction company, on Thursday, August 31, announced that it has secured a marine contract worth Approx. Rs 3,290 Crores excluding GST.

"This is to inform you that ITD Cementation India Limited has today secured a marine contract worth approximately Rs. 3,290 crores excluding GST," the Board said in a regulatory filing.

Following the development, the shares of ITD Cementation India surged, closed 2.30% higher at Rs 217.50 per share on the BSE. It hit intraday highs and lows of Rs 218.20 and Rs 212.20, respectively.

The stock surged 0.39% in the past 1 week. The stock gained 17.47% in 1 month. It gave a multibagger return of 123.54% in the past 6 months. It gave 104.23% multibagger return in 1 year, 178.31% in 2 years, and 305.03% in 3 years, respectively. It gave 55.86% positive return in 5 years.

The stock's 52-week high is Rs 219.75 per share and the 52-week low is Rs 93.75 per share on BSE.

ITD Cementation India Limited is one of the leading Engineering and Construction Companies undertaking Heavy Civil, Infrastructure and EPC business and operating in India for nine decades with an established presence and expertise in Maritime Structures, Mass Rapid Transit Systems, Airports, Hydro-Electric Power, Tunnels, Dams & Irrigation, Highways, Bridges & Flyovers, Industrial Buildings and Structures, Foundation & Specialist Engineering.