Multibagger infrastructure stock under Rs 50 secures an order worth Rs 24.76 crore; do you have it?

As Tuesday’s deals concluded on a positive note, both the Sensex and Nifty saw increases of 0.12% and 0.19%, respectively. In this optimistic market sentiment, the shares of Brahmaputra Infrastructure Limited soared 3.43%. The company’s current market capitalisation is Rs 132.03 crore.

From a technical perspective, as of August 29, 2023, the stock’s 200-day moving average (DMA) stood at Rs 35.46, while the 50-DMA was observed at Rs 43.13. With the current price at Rs 45.50 apiece on BSE. In the recent crossover, the 50-DMA has surpassed the 200-DMA, signalling a robust and sustained upward rally over the long term.

Priced under Rs 50, Brahmaputra Infrastructure offers an affordable investment prospect for those keen on small-cap stocks. This affordability aspect could draw in investors seeking portfolio diversification or aiming to tap into opportunities within the civil construction sector without a substantial financial outlay.

Brahmaputra Infrastructure operates in the field of Infrastructure, focusing on EPC (engineering, procurement, and construction) and real estate development. The company is engaged in diverse projects such as constructing bridges, flyovers, highways, airports, buildings, tunnels, and mining projects.

Today, the company received a letter of award (LOA) from the National Highway Authority of India (NHAI) for an upcoming project. It involves the operation and maintenance of specific road sections in Rajasthan. The first part covers a 2.023 km stretch from Tanot Jaisalmer to Jaisalmer Bypass, while the second part deals with a 160.457 km portion of the Jaisalmer-Phalodi Section.

The contract value for this venture is Rs 24.76 crore.

In addition to this, the stock has achieved multibagger status. It has gained momentum in the past one year giving more than 76% returns. Moreover, the stock has surged more than 212% in the last 3 years.

Keep a close eye on this trending stock.

Disclaimer: This blog 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.