Penny stock priced under Rs 50 hits upper circuit and 52-week high; This realty company's promoters bought 5,15,987 shares in June!

The company's shares have given a return of around 77 per cent to its shareholders in just 1 year.

Incorporated in 1988, Prerana Infrabuild Limited is engaged in commercial and residential real estate projects in Ahmedabad. The projects launched include Prerna Ashtamangal, Prerna Aartika, Prerna Aagman, Prerna Raj Vijay Teerth, Prerna Apartments, Prerna Darshan, Doctor House, Prerna Teerth Jain Derasar Bhawan, Prerna Kutir, Prerna Deep, Prerna Teerth I & II, Prerna Viraj I & II, Prerna Arcade, Prerna Aura and Prerna Aroma.

In June, Prerana Infrabuild Limited Significant buying was done by its three promoters: Sanket Vijay Shah, Vijay Chandulal Shah and Shwetal Shah, buying 83,000, 122,300 and 310,687 shares, respectively.

On Tuesday, shares of Prerana Infrabuild Limited It closed at Rs 43.39 per share, up 20 per cent from Rs 36.16 per share earlier. The stock also touched its 52-week high on the same day. The current market capitalisation is Rs 156.76 crore. The stock has given over 77 per cent return in the last one year.

As per the company's annual performance, it recorded a revenue of Rs 45.35 crore as compared to Rs 18.19 crore, showing a growth of 149 percent. The operating profit of the company is Rs 6.58 crore with an operating profit margin of 14.51 percent. The net profit of the company is Rs 5.39 crore as compared to Rs 9.77 crore, showing a decline of 44.83 percent.

According to Quarterly Results The company reported quarterly revenue of Rs 21.41 crore as against Rs 4.98 crore in Q4 FY24, registering a growth of 330 per cent on a year-on-year basis. The company reported a net profit of Rs 0.95 crore as against Rs 2.72 crore in Q4 FY24.

Disclaimer: This article is for informational purposes only and not investment advice.

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