Multibagger Stock: GPT Infraprojects shares jump another 10%, up 366% in a year

This caller bid pertains to the operation of a caller BG enactment successful the Solapur-Osmanabad section, spanning from chainage ₹52500 to 83200 successful the Solapur Division. 

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Additionally, successful March, the company, on with its associated task partner, secured an bid from North Central Railway, Agra, Uttar Pradesh, worthy ₹135 crore.  Earlier, successful February, it clinched different associated task bid valued astatine ₹114 crore from East Central Railway Mahendrughat, Patna, Bihar.

GPT, the flagship institution of GPT Group, headquartered successful Kolkata, operates chiefly successful 2 segments: infrastructure and sleeper.

Established successful 2004, GPT has go a salient subordinate successful the infrastructure sector, peculiarly focused connected railways. The institution specialises successful executing civilian and infrastructure projects, with a notable accent connected constructing ample bridges and ROBs for railways.

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In summation to its infrastructure endeavours, GPT is actively progressive successful the sleeper segment. Here, the institution manufactures and supplies factual sleepers to railways, catering to some the Indian and African markets.

So acold this year, the company's shares person surged by astir 24%, pursuing an awesome multibagger instrumentality of 203% successful CY23. Reflecting connected erstwhile years, the shares recorded returns of 34% successful CY22, 71.40% successful CY21, and 23% successful CY20, respectively. 

Looking astatine the monthly performance, the shares person consistently maintained an upward inclination since April of the erstwhile year. For 10 consecutive months starring up to January, the shares closed successful affirmative territory, with November witnessing the highest monthly summation of 25%. Over the past 1 year, they person gained 366%. 

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Disclaimer: We counsel investors to cheque with certified experts earlier taking immoderate concern decisions.

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Published: 25 Apr 2024, 10:12 AM IST