IT stock under ₹100 jumps 5% after receiving order worth over ₹10 Cr from NHAI

The shares of a Micro cap infrastructure consultancy company engaged in designing, engineering, procurement, construction, and integrated project management services jumped up to 5 percent after securing orders totalling Rs 10.87 Crore from National Highways Authority of India (NHAI). 

Share Price Movement 

The shares of Dhruv Consultancy Services Ltd, with a total market capitalization of Rs 170.70 Crore on Thursday, reached an Intraday high of Rs 92.3 per share gaining around 4.9 percent in today’s trade. As of 11:00 am, the shares retreated from their day’s high and were trading at Rs 90.85 per share which was 3.25 percent higher than the previous closing price of Rs 87.99. 

The shares of Dhruv Consultancy Services Ltd generated a return of 72.5 percent in the past three years, and a return of 32 percent since it got listed in November 2021. 

About the orders

As per press releases dated February 26, 2025, Dhruv Consultancy Services Ltd in association with Kaius Consulting Private Limited has received a Letter of Award from the National Highways Authority of India (NHAI). 

They will be providing consultancy services as an Independent Engineer for the development of a 4-lane Economic Corridor from Before Mayurakshi Bridge Approach to Moregram section of NH 116A  in West Bengal. The contract is worth Rs 4.5 Crores with a construction period of 24 months. 

In Addition Dhruv Consultancy Services Ltd in collaboration with Kaius Consulting Private Limited has secured another Letter of Acceptance from the NHAI. They will be providing supervision consultancy services for the maintenance and operation (O&M) of the Obedullganj-Itarsi Section of NH-46 in Madhya Pradesh. The contract is worth Rs 6.37 Crores with a total period of 60 months. 

The total value of Contracts from NHAI announced by Dhruv Consultancy Services Ltd on February 26, 2025 is Rs 10.87 Crore.

Also read: Stocks that announced ₹1 lakh Cr investment at Advantage Assam 2.0 Summit to keep an eye on

Financials

The company reported a slight decline of 2.7 percent in Revenue from Operations from Rs 22.6 Crores in Q3FY24 to Rs 21.99 Crores in Q3FY25. Their Net Profits also declined by 20.7 percent from Rs 2.7 Crores to Rs 2.15 Crores over the same period. 

About Dhruv Consultancy Services Ltd 

Dhruv Consultancy Services Ltd is a company that offers expert consultancy for the planning, design, inspection, and construction of infrastructure projects like national highways, tunnels, ports, and bridges. They also specialize in architectural planning for smart cities, residential buildings, and sewage treatment plants.

Written By Adhvaitha Nayani

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