This multibagger construction company got multiple work order worth Rs 614.28 crore!

The company’s shares rose by more than 170 percent in the last 6 months.

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On October 10, 2023, Vascon Engineers Ltd said in an exchange filing that it has received acceptance letter from Jharkhand State Building Construction Corporation Limited (Jharkhand Government Undertaking) for an order worth Rs 352.91 crore. This order is for the remaining work of construction of medical college and upgradation of district hospital in Koderma.

Earlier on Monday, the company had also received an order worth Rs 262.19 crore from Bridge and Roof Company India Limited (a Government of India enterprise). This order is for planning, design, construction, IT (networking) and maintenance of Government Medical College in District Kanker, Chhattisgarh under Chhattisgarh Medical Services Corporation Limited, (Government of Chhattisgarh).

Also read, How can risk management and diversification open the door to financial success? Know here

Vascon Engineers Limited, established in 1986, is a construction engineering company in India, present in asset-light model in real estate business and clean room partition manufacturing business. The company has executed more than 200 projects with a construction area of ​​more than 50 million square feet.

Today the stock opened at Rs 75.00 with a high and low of Rs 76.75 and Rs 74.00. This share is currently trading at Rs 75.25 with a gain of 2.05 percent. The stock’s 52-week high is Rs 78.45 and 52-week low is Rs 23.83. The company’s shares have performed well in the last three years multibagger Returns of more than 790 percent. The company has an order book of Rs 1980 crore.

This stock has shown tremendous growth and investors should keep a close eye on this stock.

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

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