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GPT Infraprojects Soars 10%, Registers 366% Surge in a Year

So far this year, GPT Infra Projects has continued its upward trajectory, with its shares witnessing a remarkable surge of nearly 24%, building on an impressive multibagger return of 203% in CY23. Looking back at previous years, the company's shares have shown consistent growth, recording returns of 34% in CY22, 71.40% in CY21, and 23% in CY20, respectively.

In a recent development, GPT Infra Projects' shares surged by 10% for the second consecutive session on Thursday, reaching ₹207 apiece. This surge follows a significant gain of nearly 9% in the previous trading session, attributed to the joint venture securing a substantial order valued at ₹487 crore from Central Railway, Mumbai. The order involves the construction of a new BG line in the Solapur-Osmanabad section of the Solapur Division.

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Furthermore, in March, the company, in collaboration with its joint venture partner, secured another significant order worth ₹135 crore from North Central Railway, Agra, Uttar Pradesh. This was preceded by yet another joint venture order valued at ₹114 crore from East Central Railway Mahendrughat, Patna, Bihar, in February.

GPT Infra Projects, headquartered in Kolkata, is the flagship company of the GPT Group, operating primarily in two segments: infrastructure and sleeper. Established in 2004, the company has emerged as a key player in the infrastructure sector, particularly in the railway domain. It specializes in executing civil and infrastructure projects, with a notable focus on constructing large bridges and ROBs for railways.

In addition to its infrastructure activities, GPT is actively engaged in the sleeper segment, manufacturing and supplying concrete sleepers to railways, serving both the Indian and African markets.

The company's shares have consistently maintained an upward trend since April of the previous year, closing positively for ten consecutive months leading up to January. November witnessed the highest monthly gain of 25%. Over the past year, the shares have gained a staggering 366%, reflecting the company's robust performance and investor confidence in its growth prospects.

April 25, 2024 12:31 p.m. 8534

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