This stock under Rs.50 which deals in executing critical infrastructure projects hit a 5 percent upper circuit after bagging an order worth Rs. 151 crores from the Directorate of Tourism, Shillong to build a passenger ropeway in Shillong Park.
Price Action (WA:ACT)
With a market capitalization of Rs.720 Crores, the shares of Tantia Constructions Ltd (NS:TANC) were up by 5 percent in the day’s trade touching a day’s high of Rs. 46.46 per share. The stock stayed in the upper circuit limit and closed at Rs. 46.46 per share which is 5 percent higher from the previous closing price of Rs. 44.25 apiece.
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What Happened
The stocks of Tantia Constructions rose after the company received an order worth Rs. 151 crores from the Office of the Director, Directorate of Tourism, Shillong, Meghalaya for a contract to design, supply, construction, and operations and maintenance of a passenger ropeway at Shillong Park.
This project is under the Meghalaya Ecotourism Infrastructure Development project which is funded by the New Development Bank. The completion of the project is expected to be completed by 31st December 2027.
About the Company
Tantia Constructions Limited was incorporated in 1964 and is based in Kolkata, The company specializes in infrastructure development. They hold expertise in constructing bridges, roads, railroads, and flyovers which contribute significantly to various public works.
Tantia operates across sectors including aviation, urban infrastructure, and marine projects. With a focus on executing critical infrastructure projects, the company aims to improve its market position through a robust project portfolio and address the growing demand for infrastructure development in India.
Products and Services
The company offers a range of services in infrastructure development while focusing on construction, civil engineering, and project management. Their expertise includes building railways, bridges, roads, and flyovers.
Financials & Ratios
Its Revenue from operations grew by 283 percent year on year from Rs. 3.22 Crores in Q2FY24 to Rs. 12.34 Crores in Q2FY25, accompanied by a loss of Rs. 0.12 Crores to a profit of Rs. 0.28 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of -5.61 percent and a return on capital employed (ROCE) of -1.05 percent. It has reported a debt-to-equity ratio of 1.33 as of FY24.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a major share of 94.32 percent in Tantia Constructions, and public holdings standing at 5.68 percent.
Written by Santhosh S
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The post Infra stock under ₹50 hits 5% upper circuit after receiving ₹151 Cr order from Shillong Govt. appeared first on Trade Brains.
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