Uttar Pradesh gets jail construction job, investors’ shares soar, 20% upper circuit posted

RPP Infra Projects Ltd Share Price: On Friday Rs. Shares of stocks priced below 150 had an upper circuit. We are talking about RPP Infra Projects Limited. An upper circuit was seen in the shares of the company on Monday i.e. 24th. After which the price of this share has reached the level of 155.05 rupees. The company’s 52-week high is Rs 161.45. But after this surge, the company’s share price by the market close was up 13.58 percent to Rs. was 147.20. Let us tell you that RPP Infra Projects Limited has received work worth Rs 152 crore. This information was given to the stock markets on Monday.

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The company will build a jail in Hathras

The company told the stock exchange that it has got the job to build a new jail in Hathras district of Uttar Pradesh. This work has been released under Agra Circle. The capacity of this new jail is 1026 people. RPP Infra has to complete this work in 18 months.

How has the last one year been for the company in the stock market?

In terms of returns, this company has been second to none in the last one year. The share price has increased by 168 percent during this period. At the same time, the company’s share price has seen an increase of over 53 percent in the last 6 months. The company’s 52-week low is Rs 51.45. And the market cap of the company is Rs 558.49 crore.

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How healthy are the company’s books?

The company’s revenue from January to March 2024 was Rs 434.85 crore. Which is 35.7 percent more than last year. Let us tell you that the profit of the company has decreased.

Anand Rathi Global Finance Limited has also invested in the company. The total stake in the company was 3.9 percent till March 2024.

(This is not investment advice. Stock market is subject to risks. Consult experts before making any investment.)

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