Multibagger Stock SPML Infra Ltd: The shares of infrastructure development company SPML Infra Ltd saw a tremendous rise of 5 per cent today. The company’s shares closed at Rs 63.45 on NSE today. Actually, there is a big reason behind the rise in the shares of SPML Infra Ltd. Explain that the company has signed agreements with Public Health Engineering Department (PHED), Rajasthan for water supply project ‘Jal Jeevan Mission’ on a large scale.
This stock has run 550.77% in a year
Let us inform that the shares of the company (SPML Infra Ltd share price) increased from Rs 9 to Rs 63.45 in a year. During this period, it has given a return of about 550.77% to its shareholders. At the same time, this year in YTD, this stock has given a multibagger return of 122.63%. During this time it has increased from Rs 28.50 to Rs 63.45. An amount of Rs 5 lakh invested in this multibagger stock a year ago would have become Rs 32.96 lakh today.
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What did the company say?
SPML Infra said that the objective of this water supply project is to provide clean drinking water facility to about 25,00,000 people living in 1,256 villages and six cities of Dausa and Sawai Madhopur districts of Rajasthan. The project will be completed within the stipulated period of 24 months (3 per cent incentive will be given for premature completion). SPML Infra will be responsible for managing the operation and maintenance of the project over a period of next 10 years. has become a reliable partner for
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financial position of the company
The company reported a 104 per cent year-on-year growth in its net profit at Rs 1.01 crore for the quarter ended December 2021. It had reported a net loss of Rs 27.42 crore for the quarter ended December 2020. However, net sales stood at Rs 276.01 crore in the December 2021 quarter, down 10.74 per cent from Rs 309.21 crore in the December 2020 quarter.