RPP Infra Projects hits 52-week high today; here’s why

RPP Infra Projects Ltd, which is in the business of construction hit a 52-week high today at Rs 97.72. Today’s surge came after the company got new orders worth Rs 133.48 crore. The company secured multiple significant projects, showcasing its expertise in structural steel works and construction. Their acceptance for supplying, fabricating, and erecting structural steel for the BMRCL Metro Depot in Bangalore, valued at Rs 80.85 crores (incl. GST), highlights their capability. Additionally, their joint venture, M/s RPP-Samrat, clinched two projects: one for retrofitting the Ramnad CWSS at Rs 29.75 crore (incl. GST) and another for operation and maintenance of CWSS in three Thiruvarur Districts, at a cost of Rs 22.88 crore emphasizing their diverse construction and maintenance prowess. 

In the last trading session, the stock closed at Rs 95.81. Today, it opened at Rs 97.72, up by a 1.99% increase and locked in the upper circuit. Over the past few days, the company stock has been hitting back-to-back 52-week highs and locking in the upper circuit. Today, the stock hit a 52-week high at Rs 97.72 while its 52-week low stands at Rs 35. The company currently boasts a market capitalization of approximately Rs 370.34 crore. Over the past six months shares of the company have given stellar returns of 54.74%, in the same time frame Sensex has given a return of 6.54%.  

RPP Infra Projects Limited primarily engaged in the business of infrastructure development such as Highways, Roads and Bridges. The company also has diversified its civil works expertise into SEZ Development, Water Management Projects, Irrigation and Power Projects. The Company does business in the South Indian region. The promoters holding in the company stood at 51.29%, while Institutions and Non-Institutions held 0.79% and 47.93%, respectively.  

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