This micro-cap Railway share skyrocketed amid a huge order booking. BCPL Railway Infrastructure Ltd bagged a huge order worth RS 34.947 crore from K-ride (Rail Infrastructure Development Company Karnataka Limited).
As per the agreement, BCPL Railway Infrastructure will supply traction overhead equipment for doubling the railway tracks. Apart from that the company will also look over the design, erection, testing and commissioning of the project.
According to a report, the railway tracks will be made on approximately 35.5 kilometers from Banaswadi to Baiyyappanahalli and other 2 projects. BCPL Railway Infrastructure has to complete the project within months according to agreement.
BCPL Railway Infrastructure Share Price
On Monday BCPL Railway Infrastructure shares closed at Rs 104.05 and are currently trading at Rs 106.10. The railway share has been hitting the upper circuit from the last 2 days. In the last month, it has delivered 17.29% returns so far. It has given more than 170% of returns in the last one year. The 52-week high of this stock is Rs 158.85 and 52-week low Rs 48.25 respectively. Market cap of the company currently stands at Rs 177.44 crore.
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BCPL Q4 Results
The micro-cap Railway company registered a net profit of Rs 0.63 crore. However revenue growth has decreased to Rs 87.93 crore compared to Rs 122.79 crore in FY23. Annually the company has posted net profit of Rs 5.36 crore and operating profit Rs 7.60 crore
BCPL Railway Share Price Target
According to market experts the share price of BCPL Railway Infrastructure is estimated to Reach Rs 166.58 by the end of 2024. Promoters holding is 72.87%, however promoters pledging is high 40.88 as of March 2024.
The company is totally debt free and showing positive signs of a bullish trend in future. Investors must keep this micro-cap Railway share on their radar.
About the Company
BCPL Railway Infrastructure Ltd is a company working since 1995. The main business of this company engaged in railway infrastructure development. The company specialized in railway projects, OHE projects, designing, drawing and also supplying traction overhead equipment. BCPL provide services in both government and private sectors.
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