Afcons Infrastructure Limited is an India-based infrastructure construction company. It is engaged in construction of marine works, highways, bridges, railways, metro works, hydro and underground, water, tunnels, oil & gas, LNG (liquefied natural gas) tanks. Its business includes Marine and Industrial, Surface Transport, Urban Infrastructure, Oil and Gas, and Hydro and Underground. Marine and industrial segment covers project related to ports and harbors jetties, dry docks, wet basins, breakwaters, outfall and intake structure, LNG tanks and material handling systems. Surface and transport segment which covers project like highways and roads, interchanges, mining-related, infrastructure, railways. Urban infrastructure business focusses on metro works, bridges and flyovers. Oil and gas business focusses on offshore oil and gas and onshore oil and gas segments. Hydro and underground business focusses on the dams and barrages, tunnels and underground works and water and irrigation.
Reasons to buy:
Reasons to buy:
- Trading at the support level
- PE < 40
- FII's increased holding from 8.20% to 18.00% in Dec 2024 qtr.
- Institutional Investors increased holding from 21.45% to 29.12% in Dec 2024 qtr.
- Profit is increasing
- EPS increased from ₹12.06 (2023) to ₹13.20 (2024) despite equity dilution.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.