GHV Infra Projects share price surged as much as 5% following the announcement of securing a major infrastructure contract, demonstrating strong investor confidence despite broader market weakness. According to latest market data from Upstox, the stock opened at ₹220.00 apiece, compared to its previous close of ₹223.15. During today's trading session, GHV Infra Projects moved in the range of ₹220.00 to ₹227.80, with an average price of ₹223.90 for the day. This performance stood in stark contrast to the Indian stock market's subdued opening, where the Sensex began at 77,649.63, down from its previous close of 77,708.52, and the Nifty opened at 24,216.05, compared with its previous close of 24,238.50. While most stocks slipped on Tuesday, GHV Infra Projects stood out with its significant gain, highlighting the company's strong fundamentals and investor confidence.
According to the company's exchange filing reported by Live Mint, GHV Infra Projects announced securing a new Engineering, Procurement and Construction (EPC) contract worth around ₹1,250 crore for the Jalna–Nanded Expressway Connector Project in Maharashtra. The project is slated for completion within 30 months and is expected to strengthen the company's infrastructure project pipeline during the execution period. The company has also undertaken infrastructure projects spanning various sectors, with its completed portfolio including the construction of a manufacturing facility in Dahod, Gujarat, for modern 9,000 HP railway locomotive production.
During the March quarter, GHV Infra Projects delivered impressive financial results that supported the stock's performance. As reported by Live Mint, the company's revenue surged 67.25% quarter-on-quarter to ₹213.60 crore, reflecting strong business growth. Net profit climbed to ₹19.84 crore, up from ₹6.48 crore in the previous quarter, highlighting robust earnings momentum. The company maintained healthy return ratios with Return on Equity (ROE) at 82.09% and Return on Capital Employed (ROCE) at 68.52%, indicating efficient utilisation of shareholders' funds and capital.
Despite recent volatility, GHV Infra Projects has delivered exceptional long-term returns to investors. As reported by Live Mint, the stock has gained 24% in two weeks and 3% in a month, though it has declined 23% in three months and 21% on a year-to-date basis. Looking at the broader perspective, the stock has delivered multibagger returns of 5,893% in three years and 7,100% in five years, demonstrating the company's strong growth trajectory in the infrastructure sector. The company's latest quarterly performance, with revenue shooting up 67.25% and profits tripling, further reinforces this positive long-term outlook. Looking at its last 52-week performance, the stock has touched a low of ₹173.30 and a high of ₹368.50, reflecting significant price volatility in the infrastructure sector.
