Unpopular Stock To Buy: This Infra Smallcap That Rose By 83% In 6-Months Is Attractive; Bags Big Railway Order

Vishnu Prakash R Punglia Ltd is among many unpopular stocks listed on BSE. The company is one of the fastest-growing infrastructure development companies. Trading below Rs 350, Vishnu Prakash is an attractive bet for short-term gains, precisely in 5-15 days term. Brokerage Axis Securities has recommended BUY. On December 9, Vishnu Prakash records a massive buying trend, hitting its new 52-week high. This comes amidst bagging a big contract from North Western Railway Ajmer Division.

Vishnu Prakash R Punglia Share Price:

After market hours of December 9, the stock ended at Rs 333.30 apiece, up by 8.9% on BSE, with a market cap of Rs 4,154.38 crore. During trading hours on Monday, the stock touched a new 52-week high of Rs 336.75 apiece.

YTD, the smallcap stock surged by 53.21% on BSE. But in the past six months, the gains have been massive by 82.58%.

Vishnu Prakash R Punglia New Order:

As per the regulatory filing, on Monday, Vishnu Prakash R Punglia announced that it has achieved a new project from the Office of DYCE-C-I-AII-ENGINEERING Ajmer division of NWR, titled "Construction of major and important bridges and other ancillary works from Adarsh Nagar (including) to Raila Road (including) between km 4/6 to km 99/0 in connection with Doubling of Ajmer- Chanderiya in Ajmer division of North Western Railway.

Following the submission of the tender Vishnu Prakash R Punglia Limited has been selected as the chosen contractor for this significant endeavor. The tender, evaluated and accepted by the competent authority, having a total value of Rs. 1029.27 million.

VPRPL said, " We look forward to collaborating closely with the Ajmer division of North Western Railway and stakeholders to ensure the successful completion of the Project."

Axis Securities on Vishnu Prakash R Punglia:

As per its investment trading ideas notification, Axis Securities has recommended BUY on Vishnu Prakash's stock. The entry price ranges from Rs 321 to Rs 325 in the stock, while the target price is at Rs 343 with stop loss of Rs 319.

About Vishnu Prakash R Punglia: VPRPL is an Infrastructure company with having head office in Jodhpur and working in Pan India. Having more than 47+ projects in hand in 13 states amounting 3000+ Crores.