Rachana Infrastructure | Latest market updates

Rachana Infrastructure 10% and Hits Upper Circuit Today

The shares of Rachana Infrastructure have delivered a return of around 100% to its shareholders in the past month.

Incorporated in 2001, Rachana Infrastructure operates in Infrastructure Projects and Quarry Mining and Trading sectors. The company is listed on NSE SME and it is recognized as an “AA” Class and Special Category I (Roads) contractor by the Government of Gujarat. The company specializes in executing Road projects based on Bill of Quantities (BOQ) and EPC contracts, providing services such as Road work, Area Grading Work, and Canal Work. Rachana Infrastructure Ltd secures contracts from Zilla Panchayats and subcontracting opportunities from infrastructure firms across Gujarat, Madhya Pradesh, and Maharashtra, among others, for projects encompassing Buildings, Road Construction, Irrigation, Hydropower Projects, and Mining. Today the company experienced a significant surge in its share price.

At the start of the day’s trading session, the stock opened at Rs 59.95 per share, compared to the previous day’s closing figure of Rs 54.50 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 59.95 per share on the NSE. The stock has reached the upper circuit price limit of 10%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.

The company’s current market capitalization stands at Rs 111.54 crore, and the stock has generated an impressive return of around 100% in the past month only.

Stock Price Chart (Weekly)

Trading and Delivery Volumes (Daily)

Financial Performance

In Q4 FY24, the company reported revenue of Rs 64.80 crore compared to Rs 38.53 crore, representing a growth of 68% YoY. The company reported an operating profit of Rs 4.97 crore compared to a profit of Rs 3.54 crore in Q4 FY23. The company reported a net profit of Rs 2.90 crore in Q4 FY24 compared to a net profit of Rs 1.65 crore. Turning attention to the company’s annual performance, it reported revenue of Rs 91.48 crore compared to Rs 63.52 crore in FY23. The company reported an operating profit of Rs 7.10 crore. The company’s net profit stood at Rs 3.63 crore in FY24.

According to the shareholding pattern, the company’s promoters hold 635.38% while the public or retail investors hold 30.32%.

Investors must keep this stock on their radar.

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.