Mukul Agrawal and Dolly Khanna multibagger stock bags a project worth Rs 912 crore by CIDCO

Today, the shares of J Kumar Infraprojects Limited plunged 1.27%. In contrast to this, the scrip witnessed a spurt in volume by more than 1.93 times. The company’s current market capitalization is Rs 4,820.65 crore.

Recent development

J Kumar Infra has clinched a significant project valued at Rs 912.3 crore for designing and constructing the coastal road in Ulwe, Navi Mumbai. The company secured the letter of award as the sole bidder from CIDCO. The coastal road project spans from CH 2,900 to CH 5,800 (MTHL Junction) at Ulwe.

Shareholding pattern

As of December 2023, the promoters hold a 46.64% stake in the company. Notable ace investors include Mukul Mahavir Agrawal, with a 2.64% stake, and Dolly Khanna, with a 1% stake.

Mukul Agrawal is a rising star in the Indian stock market, having entered in the late 1990s. His investment strategy involves aggressive yet analysed investments, taking risks with penny stocks that have multibagger potential, and maintaining separate portfolios for investment and trading.

Dolly Khanna, a prominent investor who has been active since 1996, works closely with her husband to build a successful portfolio. Her strategy focuses on patience, thorough research, strict attention to stop-loss levels, understanding companies before investing, and maintaining a concentrated portfolio.

Furthermore, the stock has witnessed significant buying activity as it has given returns of more than 144% in the last 1 year.

About the company

J Kumar Infraprojects Limited specialises in executing contracts for various infrastructure projects, including transportation engineering, irrigation projects, civil construction, and piling work.

The segment breakdown of J Kumar Infraprojects Limited reveals that the majority of its business, approximately 89%, is in the transportation sector, followed by civil projects at 6%, and water-related projects at 5%.

Geographically, a significant portion of its operations, around 58%, is concentrated in Maharashtra, with Tamil Nadu accounting for 24%, and the National Capital Region (NCR) at 10%. Uttar Pradesh and Gujarat each contribute 3%, while Karnataka and other regions represent smaller percentages.

The company’s diverse portfolio indicates a promising financial outlook for the future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.