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Do you have this Penny Stock Below 40 Rs company that bags order worth Rs 254.71 million

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Do you have this Penny Stock Below 40 Rs company that bags order worth Rs 254.71 million

 A request from K-Ride “Rail Infrastructure Development Company (Karnataka) Limited” was disclosed by BCPL Railway Infrastructure Ltd. on February 22, 2023, in an exchange filing.

“25 KV AC, 50 Hz, Single Phase OHE for Doubling of Yeshvantpur – Banasawadi (29 Track Kilometre) incl. building of Hebbal SP, modification of Yeshvantpur SSP, and diversion of IR track for 6 nos LC removal to construct Corridor-2 of BSRP” has been ordered. The project will cost Rs 254.71 million in total, and it will take 18 months to complete.

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For the railroad industry as well as non-governmental organisations, BCPL Railway Infrastructure Ltd. implements railway electrification projects, turnkey OHE projects, and other projects.

The stock’s opening price today was Rs. 42.40, and its high and low were Rs. 43 and Rs. 41.75. The stock lost 0.83 percent from its previous price of 42.40 to settle at Rs 32.05.

The company’s shares have returned more than 10% during the past six months. On a year-to-date basis, the stock, however, fell by nearly 12%.

The stock’s 52-week range includes a high of Rs. 55 and a low of Rs. 30.50. The company, which has a market capitalization of Rs 70.3 crore, has a ROCE of 14.9% and a ROE of 9.99%.

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