Mukul Agrawal bets big on this stock under Rs 20 with Rs 13,152 crore order book; acquiring 4,40,19,921 shares

Amidst a period of cautious sentiment in the Indian stock market—where benchmark indices have seen flat-to-volatile starts tracking global cues and geopolitical uncertainties—Ace Investor Mukul Agrawal has made a significant move that caught the attention of Dalal Street. Defying broader market trends, Agrawal has acquired a substantial stake in a budget-friendly stock priced under Rs 20, purchasing 4,40,19,921 shares or roughly a 1.68 per cent stake in the company. This strategic bet comes at a time when the firm boasts a robust Order Book standing at Rs 13,152 crore, signalling a strong pipeline despite current market pressures.

The stock name is Hindustan Construction Company Limited (HCC)

About the Company

HCC is a business group developing and building responsible infrastructure through next practices. With an engineering heritage of nearly 100 years, HCC has executed a majority of India's landmark infrastructure projects, having constructed 26 per cent of India's Hydro Power generation and 60 per cent of India's Nuclear Power generation capacities, over 4,036 lane km of Expressways and Highways, more than 402 km of complex Tunnelling and 403 Bridges. Today, HCC serves the infrastructure sectors of Transportation, Power and Water.

The company has a market cap of Rs 4,785 crore and as of September 30, 2024, the company’s order book stands at Rs 13,152 crore. The stock is up by 12 per cent from its 52-week low and has given multibagger returns of 160 per cent in 3 years.

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