On Tuesday this small-cap stock hit a 52-week high after HDFC Mutual Fund bought 15.5 lakh shares via bulk deal. If more than 0.5 per cent of a company’s equity shares are traded in one company, it is considered to have taken place in a bulk transaction.
yThis stock has delivered 9.5% returns to investors in one year and shares of the company are trading above the both 50-day and 200-day moving averages.
KNR Construction
KNR Construction the company belongs to a small-cap category, with a market capitalisation of Rs. 7,631 Cr. On Tuesday at 3:00 p.m., shares were trading 1.7% down at Rs. 269.70 on BSE. On the same day, the stock has reached a new 52-week high of Rs. 286.95.
According to BSE bulk deal data, HDFC Mutual Fund bought 15.5 lakh shares which is 0.55% equity at Rs. 273.52 and the entire stake was sold by retailers and small players.
As per the company filing, the total consolidated revenue of the company decreased by 0.1% from Rs. 990.56 Cr in Q1 FY23 to Rs. 988.59 Cr in Q1 FY24 and net profit increased by 38% YoY from Rs. 92.26 Cr in Q1 FY23 to Rs. 127.88 Cr in Q1 FY24. As of June 2023, EPS stood at Rs. 4.88.
As per the latest shareholding data, Promoters hold 51.09%, DIIs hold 33.66%, FIIs hold 5.98% and Public hold a 9.27% stake in the company.
KNR Constructions Limited. the company is engaged in infrastructure development. It offers engineering procurement and construction services for a variety of industries, including managing water infrastructure and building roads, bridges, flyovers, and motorways.
Written by Sheshadri N
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