Giriraj Civil Developers Limited, a prominent government civil contractor in India, has delivered remarkable returns, boasting a staggering 2,470% increase in stock price over three years and an impressive 9,000% over five years.
The company has announced that the meeting of its Board of Directors is rescheduled for Monday, October 28, 2024, at 1:00 p.m. at its registered office. The agenda includes:
- Proposal to increase authorized share capital: This will involve amendments to the Memorandum of Association due to the proposed increase.
- Fundraising through equity shares: The company will discuss raising funds via permissible methods, including private placement and preferential issues, along with approving ancillary actions related to this fundraising, subject to regulatory approvals.
- Issuance of bonus shares: A proposal for the issuance of bonus shares to shareholders will also be considered.
Additionally, Giriraj Civil Developers has secured a significant contract worth approximately ₹181.45 crore from North Central Railway in Gwalior. This project entails a major upgrade of the Khajuraho Railway Station under an Engineering, Procurement, and Construction (EPC) contract. Notably, this contract does not involve any related party transactions, ensuring that the company’s promoters or their groups do not have any stake in the awarding entities.
Giriraj Civil Developers specializes in infrastructure projects, including roads (using RCC concrete), bridges (both rail and road), foot overbridges, earthworks, and various buildings, towers, and malls. Their clientele includes various divisions of Indian Railways, such as Southern Railways and Central Railways, as well as municipal corporations. The company often collaborates with joint ventures like Dev Engineers & Giriraj, Moksha Constructions Giriraj, Giriraj-KK JV, and Prime-Giriraj-KK JV.
Currently, the stock’s 52-week high is ₹1,001.70, while the 52-week low is ₹325.80. With a market capitalization exceeding ₹950 crore and a three-year stock price CAGR of 175%, Giriraj Civil Developers is a small-cap stock worth monitoring for investors seeking high-return potential.
Disclaimer: This document is for informational purposes only and does not constitute financial or investment advice. The performance of Giriraj Civil Developers Limited’s stock, including past returns, does not guarantee future results. Investing in stocks involves risks, including the potential loss of principal. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. The information provided herein is based on sources deemed reliable, but the accuracy and completeness of such information cannot be guaranteed.
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