New Orders: Multibagger Construction Stock Hits Upper Circuit, Q2 Net Up 62%

Small cap company operating in construction sector, RPP Infra Projects today bagged new order worth approximately Rs 133.48 crore. Soon after the company informed BSE, its shares hit upper circuit and traded new 52-week high as well. RPP Infra Projects shares witnessed spurt in volume by more than 2.29 times today. RPP Infra Projects stock also hit upper circuit and 52-week high on November 15, November 13, November 12, and November 10. The company announced its Q2 FY 24 results on November 9, 2023. Check details below:

RPP Infra Projects Bags New Orders: The company informed BSE stating, "RPP Infra Projects Ltd has been received a letter of acceptance for a new projects viz," Supplying, Fabricating & Erecting Structural Steel works including roofing for Pre-Engineered Buildings & Workshops for proposed BMRCL Metro Depot at Challaghatta, Bangalore.at a contract price of INR 80.85 Crores(Incl of GST)."

RPP Infra Projects Ltd and Samrat Construction - Mis RPP-Samrat (JV) has been received letter of acceptance for two new projects to provide additional source under Retrofitting of Ramnad CWSS for the Value of INR 29.75 Crore (Incl GST) and Operation and Maintenance of the CWSS in 3 Nos. of Thiruvarur District including repair and rectification works and supply of chemicals for three years period for the Value of INR 22.88 Crores (Incl GST), added the regulatory filing of the company.

RPP Infra Projects Stock Performance & Return: Current market price of RPP Infra Projects share on BSE is Rs 97.72 apiece with intraday gain of 1.99%. Its 52-week high price is Rs 97.72 per share and 52-week low price is Rs 35.00 per share, respectively. The company has a market capitalisation of Rs 370.34 crore. RPP Infra Projects shares gained 127% in last 6-months, gained 137% YTD, soared 173% in last 1-year, and offered return of 192% in last 3-years.

RPP Infra Projects Q2 Results: According to the company's regulatory filing, the company achieved revenue from operation for Q2 Rs 367.69 crore as against the previous quarter revenue from operations of Rs 238.57 crore, up 54%. Its net profit increased to Rs 16.95 crore against Rs 10.44 cr in the previous quarter, up 62.35%.

RPP Infra Projects About: RPP Infra Projects is a construction company engaged in the infrastructure development such as highways, roads and bridges. The company also has diversified its civil works expertise into SEZ development, water management projects, irrigation and power projects.

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