- Despite market fluctuations, shares of Kalpataru Projects International have maintained a consistent upward trend for the past 22 months, consistently reaching new record highs.
- The company’s shares, which were trading at ₹356.70 apiece in June 2022, are now trading at ₹1,249.70 apiece, which is an increase of 250%.
- Throughout this period, the stock experienced only four negative finishes, with the remaining months showing positive performance.
Kalpataru Projects International’s shares have seen a consistent upward trend over the past 22 months, with a 250% increase in value. The stock’s performance has remained positive, despite market fluctuations.
Impressive Yearly Gain
Looking at the stock’s annual performance, it has surged by 76% in the current year so far, surpassing the entire return of 27% achieved in 2023. This also marks the highest yearly gain for the stock since 2017. Starting from its low point of ₹169.50 per share in 2020, the stock has risen by an impressive 637% to date. On April 30, it touched a new all-time high of ₹1,298 per share.
Factors Driving the Rally
This remarkable rally is attributed to the company’s growing order book, improved financial performance, and expansion into new market segments. Kalpataru Projects is in a sweet spot amid the government’s increased focus on infrastructure. Initiatives like Global Energy Transition, Energy Security, One Nation, One Gas Grid, the Jal Jeevan Mission (tap water supply), and increasing urbanisation auger well for the company.
Future Growth Opportunities
To achieve the goal of making India a $5 trillion economy by FY2025 and sustaining growth until 2030, it’s estimated that the government will need to invest $4.5 trillion in infrastructure by 2030. As a result, the total capital expenditure in India’s infrastructure sectors from FY2020 to FY2025 is expected to be around ₹111 lakh crore. This significant investment in the infrastructure sector is anticipated to create ample growth opportunities for companies operating in this space.
Conclusion
Kalpataru Projects International has demonstrated impressive growth in the past 22 months, and with the government’s increased focus on infrastructure, the company is well-positioned to continue this upward trend. The company’s robust order book and expansion into new market segments further enhance its growth prospects.
