Smallcap company Dhruv Consultancy Limited has won a big project in West Bengal under the Bharatmala project. As soon as this news came, investors became bullish on the shares and within no time the shares hit an upper circuit of 5%. The company gave information about receiving the order in the BSE announcement. Under this project, an excellent 4-lane economic corridor will be built from Boyachandi to Guskara-Katwa Road. The total cost of the project is ₹4.67 crore (excluding GST). 24 months have been given to complete it, and after this the responsibility of correcting the defects will be on the company for 24 months.
To achieve this project, Dhruv Consultancy formed an excellent joint venture with M/S Global Infra Solutions and MS Consultants. With this contract received from the National Highway Authority of India (NHAI), Dhruv Consultancy has shown the strength of its experience and credibility.
Now let’s talk about the stock market, where this news created a huge stir. On Wednesday, the company’s shares closed 4.97% higher at ₹128.95 on BSE, while it reached ₹130.03 on NSE. The company’s stock has a 52-week high of ₹167.35 and low of ₹61.25. In the last one year, this stock has given an excellent return of 107.12% to its investors.
In terms of market cap, the company is now at the level of ₹ 244.57 crore. This project will not only strengthen the financial position of the company, but its impact will also be visible in the stock market. Investors and market experts are now keeping an eye on how quickly and efficiently the company completes this project.