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Shares Of B.L. Kashyap And Sons Rise Over 8% Today

19 February 20243 mins read by Angel One
Over the past one year, shares of the company have given multibagger returns of 147.01% and as of today total order book stands at Rs 3,165 crore.
Shares Of B.L. Kashyap And Sons Rise Over 8% Today
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About the Order

B.L. Kashyap and Sons Ltd which is an Engineering, Procurement, And Construction (EPC) company engaged in the business of construction reported today after the market closure that it has bag new order from Manyata Promoters Private Limited for the construction of Block D1 & D2 (SEZ) at Embassy Manyata Business Park Campus, Bangalore for Rs 208 crore. The contract will be for concrete and block work which will take an estimated time of 19 months to complete the project. As of today, the company’s total order book stands at Rs 3,165 crores (excluding GST).

The surge in price today followed the reported financial performance results for the third quarter, which ended on December 31, 2023, just before the market closed yesterday. In comparison to the same quarter last year, the company’s net profit for the third quarter decreased by 81.11% from Rs 36.59 crore to Rs 6.91 crore. In Q3FY24, the company’s total net revenue increased by 27.60% from Rs 254.62 crore to Rs 324.90 crore in a similar quarter the year prior.

Stock Performance

In the last trading session, the stock closed at Rs 68.71. Today it opened at Rs 70.69 and closed at Rs 74.35, marking an increase of 8.21%. The company’s 52-week high stands at Rs 87.24, while its 52-week low stands at Rs 26.10. Currently, the company boasts a market capitalisation of approximately Rs 1676 crore. Over the past one-year shares of the company have given multibagger returns of 147.01% in the same time frame BSE Industrials has increased by 68.18%.

About the company

B.L. Kashyap and Sons (BLK), is a leading construction, infrastructure and civil engineering company in India. BLK has a diverse portfolio across various industries, including IT campuses, commercial spaces, malls, hotels, residential complexes, institutions, factories, manufacturing facilities, healthcare and transportation. The company also undertakes turnkey projects, showcasing its proficiency in setting up power generation plants, power transmission and distribution systems, integrated rail and metro systems, residential buildings, and townships.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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