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.
This story is from the January 06, 2025 edition of Mint Ahmedabad.
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This story is from the January 06, 2025 edition of Mint Ahmedabad.
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