Afcons Infrastructure Ltd stock is finally seeing increased interest from investors after a tepid listing at ₹474 compared to the issue price of ₹463 in November.
The stock rose to a new high of ₹570 on Friday.
Sure, the recent excitement in the stock was following the order win of ₹1,085 crore from Defence Research and Development Organization.
Still, a big opportunity for Afcons lies in the upcoming Vadhvan Port in Maharashtra.
It will be the largest deep-water port in India.
As it is likely to be operational by 2030, the ordering process should be in full swing over the next two-three years.
The total project cost including land acquisition is ₹76,220 crore.
Vikram Suryavanshi, analyst at Phillip Capital, believes that the potential of total orders for the construction of port could be at least one-third of the project cost or ₹25,000 crore.
As every infrastructure company has limitations of execution capabilities, the award of orders could be divided among several companies.
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