52-week high alert

Vishnu Prakash R Punglia rallies over 3% on 27th December, 2023; know why

The stock has witnessed significant buying activity as it has given returns of more than 25% in the last 3 months.

During Wednesday’s trading session, the shares of Vishnu Prakash R Punglia Limited zoomed by 3.55%. Additionally, the stock hit a fresh 52-week high mark of Rs 242.45 apiece on BSE. Furthermore, the scrip witnessed a spurt in volume by more than 2.16 times. The company’s current market capitalisation is Rs 2,800.13 crore.

Recent development
The company has successfully secured a Letter of Award for projects valued at Rs 899 crore from the Uttarakhand government. The awarded projects are crucial initiatives aimed at enhancing water supply systems in Uttarakhand.

The first project, titled “Development of Water Supply System with 18 years O&M in Haldwani, Uttarakhand (Package 3),” has a bid project cost of Rs 525.49 crore. The second project is focused on the “Development of Water Supply System with 18 years O&M at Kotdwar (Zone 2), Uttarakhand,” with a bid project cost totalling Rs 373.21 crore.

Positive Aspects of the company:
Increased Revenue and Order Book: The substantial project value significantly boosts VPRPL’s order book and adds to its future revenue stream, solidifying its financial position and potentially improving profitability.

Market Share and Reputation: Securing these crucial government projects showcases VPRPL’s capabilities and reinforces its expertise in water infrastructure development, potentially enhancing its market share and reputation within the sector.

Positive Aspects for Investors
Enhanced Investor Confidence: The positive news boosts investor confidence in VPRPL’s future prospects, potentially attracting new investment and increasing stock liquidity.

  1. Long-Term Stability: These long-term projects with 18 years of operation and maintenance (O&M) provide VPRPL with a sustained revenue stream and potential future contracts, enhancing investor confidence in the company’s stability.

About the company
Established in 1986, Vishnu Prakash R Punglia Limited stands as one of India’s rapidly growing Infrastructure Development Companies. The company specialises in the design and construction of infrastructure projects, catering to the needs of the Central and State Governments, autonomous bodies, and private entities. With a robust presence, the company operates across nine states and one Union territory in India, contributing significantly to the development of essential infrastructure across diverse regions.

Furthermore, the stock has witnessed significant buying activity as it has given returns of more than 25% in the last 3 months.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Heavy buying was witnessed in this PSU stock which gained about 100% in a year; do you hold it? | 28th December, 2023

The company has an order book worth Rs 8,188 crore, with Rs 4,853 crore under the consultancy segment and Rs 3,335 crore under the LSTK segment.
Shares of Engineers India Limited gained about 6% today. The stock has witnessed heavy buying activity from investors. The company is expected to meet or exceed last year’s revenue and targets a 10% increase in turnover and net profit for the current year, with a focus on international markets, particularly in Africa, South America, and the Middle East. The company is actively bidding for projects worth Rs 30,000 to Rs 40,000 crores in sectors such as refinery, petrochemicals, energy, and pipeline.
The shares of Engineers India Limited have also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price surged from Rs 78.70 on December 28, 2022, to Rs 173.75 on December 28, 2023, representing an increase of about 100% in a one-year holding period. An investment of Rs 1 lakh in this company’s shares three years ago would have grown to Rs 2 lakh today.

Financial Performance
Engineers India Limited reported a strong robust quarter for FY24, with a net sales decline of 0.84% to Rs 789.81 crore, compared to Rs 793.06 crore in the same quarter last year. The operating profit also experienced a significant increase of 29.4%. The net profit for the quarter stood at Rs 101.43 crore, which was Rs 85.28 crore in the previous year’s same quarter.

Business Overview
Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company owned by the Government Of India and operates under the administrative control of the Ministry of Petroleum and Natural Gas. The company has an order book worth Rs 8,188 crore, with Rs 4,853 crore under the consultancy segment and Rs 3,335 crore under the LSTK segment.

Stock Price Movement
Today, the stock opened at Rs 163.25, with a high and low of Rs 175.10 and Rs 162, respectively. The stock is trading at Rs 172.55, which increased by 6.02%. The stock has a 52-week high of Rs 175.10 and a 52-week low of Rs 70.10. The company has an ROCE of 23.7% and an ROE of 18.4%, with a market capitalisation of Rs 9,740 crore.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.