Penny stock under Rs 50 jumps after receiving order worth Rs 10,28,19,174.39 from Road and Building Division, Himatnagar, Gujarat
DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Penny Stocks, Trending
The stock is up by 46 per cent from its 52-week low of Rs 25.55 per share.
Rachana Infrastructure Limited has received a Letter of Acceptance (LOA) valued at Rs. 10,28,19,174.39 from the Road and Building Division, Himatnagar, Gujarat. The contract is for the execution of the Prantij-Harsol Road, specifically for a section of the road including CC road, road furniture, and other miscellaneous works. This domestic order was awarded below the estimated cost and is scheduled to be completed by September 19, 2029, with an additional performance security required to be submitted.
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Established in 2001, Rachana Infrastructure Ltd specialises in infrastructure projects and quarry mining. The company is an NSE SME Listed company and is certified under ISO 9001:2008. With a focus on road construction, area grading, and canal work, Rachana has secured contracts from both government agencies and private infrastructure companies across states like Gujarat, Madhya Pradesh, and Maharashtra. The company's expertise extends to various road construction projects, including highways, urban development schemes, and road resurfacing. Additionally, Rachana operates its mines in Vadagam, Gujarat, producing millions of tons of aggregate.
Rachana has completed several significant projects, including the MPRDC-ADB Loan IV, OPAL Petrochemical Refinery Road work, and the Vadodara-Mumbai 6 Lane Highway. The company's clientele includes government departments like the PWD of Madhya Pradesh and the Road and Building Department of Gujarat State, as well as private entities such as the Power Grid Corporation of India and the Gujarat Minerals Development Corporation.
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On Tuesday, shares of Rachana Infrastructure Limited jumped 4.8 per cent to Rs 37.30 per share from its previous closing of Rs 35.60 per share. The stock’s 52-week high is Rs 67.85 and its 52-week low of Rs 25.55. The company has a market cap of Rs 69 crore. The stock is up by 46 per cent from its 52-week low of Rs 25.55 per share.
Disclaimer: The article is for informational purposes only and not investment advice.