HCC financials do not look good at a glance. In fact, there is a great divergence between its long financials and the price movement:
Compounded Profit Growth
10 Years: 11%
5 Years: 19%
3 Years: -13%
TTM: -116%
The movement:
As our friend @capsule91 has stated, it is a turnaround story. The company has been winning orders recently.
It has won one largish order yesterday/
A joint venture between Megha Engineering and Infrastructures Limited and Hindustan Construction Company has emerged as the lowest bidder to build the Bandra Kurla Complex station of the Mumbai-Ahmedabad bullet train project, a NHSRCL spokesperson said on Wednesday (That would be 28th December, 2022).Bullet train project: Megha Engg-HCC lowest bidder for BKC station contract | Mumbai news – Hindustan Times
Themetrorailguy.com, a website that tracks infrastructure projects in the country, said on Wednesday that MEIL-HCC had emerged as the lowest bidder with a bid of ₹3,681 crore. It beat giants like L&T and JKumar Infra.
Please add if you find any new favourable or adverse factors.
Disclosure: Invested a small sum today.
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