Brahmaputra Infrastructure Receives Order; Locked at Upper Circuit

Indian benchmark indices have rebounded from the initial knee-jerk reaction, with Nifty 50 trading above the 22,400 mark. This recovery is spearheaded by heavyweights such as TCS, HDFC Bank, and Infosys. Interestingly, the broader markets continue to outperform, with Nifty Mid-cap and Small-cap trading higher by 0.17% and 0.67%, respectively.

Brahmaputra Infrastructure Ltd. Hits Upper Circuit

The buoyancy in the broader markets has propelled one stock, Brahmaputra Infrastructure Ltd., to touch its upper circuit limit of 5%. The stock opened at a level of Rs 78.99 and is currently locked at the upper circuit limit of 5% at Rs 83.83.

Established in 1998, Brahmaputra Group is a versatile and multifaceted construction company with a significant presence in sectors like Highways & Roads, Buildings, Bridges/Flyovers, Airports, Tunnels, and other Civil Construction works. Over the last two decades, Brahmaputra Group has built a strong reputation in the construction sector and has successfully implemented several projects across India. Backed by a team of experienced professionals and modern equipment, Brahmaputra Group has immensely contributed to developing India’s infrastructure and building a stronger community. With a distinctive focus on North-East India, Brahmaputra Group is poised to grow and expand in the near future.

Order Win:

Brahmaputra Infrastructure Limited has received a Letter of Acceptance (LOA) from the office of Chief Engineer, Water Resource Department, Guwahati, for the execution of River Protection work amounting to Rs 69.96 crore.

Here are the simplified descriptions of the work orders:

1. Work Order 1:

Procurement of works for Palashbari and Gumi/Guwahati West Subproject (Guwahati West): Underwater riverbank protection works (Section 1) and above water riverbank protection works (Section 2), Package No. W2PG(B)GW: Lot 1

• Nature of work: Engineering, Procurement, and Construction (EPC) mode
• Duration:36 Months
• Value: Rs. 24.25 Crores

2. Work Order 2:

Procurement of works for Palashbari and Gumi/Guwahati West Subproject (Guwahati West): Underwater riverbank protection works (Section 1) and above water riverbank protection works (Section 2), Package No. W2PG(B)GW: Lot 2

• Nature of work: Engineering, Procurement, and Construction (EPC) mode
• Duration: 36 Months
• Value:Rs. 21.47 Crores

3. Work Order 3:

Procurement of works for Palashbari-Gumi Riverbank Protection Works Palashbari-Gumi subproject in Kamrup (Rural) district (at Siminia area, Makadhuj Area to Futuri, Dakhala (Kalitapara), Guimara and Adaptation Works) underwater riverbank protection works (Section 1) and above water riverbank protection works (Section 2), Package No. W2-PG(A)

• Nature of work: Engineering, Procurement, and Construction (EPC) mode
• Duration: 36 Months
• Value: Rs. 24.24 Crores

The total value of these three work orders is Rs. 69.96 Crores.

Stock Performance

Brahmaputra Infrastructure Ltd. has delivered multibagger returns of 188.30% in the last one year, and over 400% in the last three years. The stock has a market cap of Rs 240 crore and is priced below Rs 100.

Keep this micro-cap stock below Rs 100 on your radar!

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.