Multibagger penny stock at Rs 13.63 was locked in upper circuit on July 12; Rockets 135 per cent in just 1 year!

The stock of Nila Infrastructures Ltd has shown impressive growth, giving multibagger returns of 135 per cent in just one year. On Friday, the share price surged by 5 per cent, reaching Rs 13.63 from its previous closing of Rs 12.99. The company recently secured a significant project from the Gujarat Housing Board to construct affordable housing units in Ahmedabad.

Nila Infrastructures Limited, established in 1990, is a key player in the construction of affordable housing projects and infrastructure development. The company has an order book worth Rs 1,375.80 crore, reflecting its strong position in the market. In terms of financial performance, the company reported impressive numbers in its Quarterly Results (Q4FY24) and annual results for FY24.

Investors should take note of this micro-cap penny stock as it has shown remarkable growth potential. However, it is important to note that this article is for informational purposes only and should not be considered as investment advice.