The shares of the prominent construction company gained up to 4.4 percent from its intraday high after the company received two work orders from domestic clients worth Rs 1,021 crore.
BL Kashyap & Sons Ltd has a market capitalization of Rs 2,091.63 crore, the shares were trading in green at Rs 91.84 per share, increasing around 1 percent as compared to the previous closing price of Rs 90.94 apiece.
Today, the shares of the company have seen positive sentiment after BL Kashyap & Sons Ltd received two new work orders worth Rs 1,021 crore. The first order received from Sattva Homes Pvt Ltd for a hotel structure and shell work. The order was valued at Rs 97 crore.
Moreover, the second work order received from DLF City Center Ltd for civil and composite steel structural work with a capital outlay of Rs 924 crore. The order should completed within 21 months.
Looking at the company’s financial performance, revenue soared by 23 percent from Rs 276 crore in Q4FY23 to Rs 341 crore in Q4FY24, but, during the same period, net profit increased by 175 percent from a loss of Rs 32 crore to a profit of Rs 24 crore.
The stock gave a return of 42.04 percent in six months and a multi-bagger return of 128 percent, if an investor invested Rs 1 lakh a year ago, it would now be worth Rs 2.28 lakh.
In the month of February this year, the company won an order worth Rs 208 crore after this order the company’s order book stands at Rs 1,229 crores for this year which include these recent orders.
B.L. Kashyap and Sons Limited is an India-based engineering, procurement, and construction (EPC) company. The Company is engaged in the business of construction of high-rise buildings (residential and commercial complexes, information technology (it) parks, institutional buildings, hospitals, and others.
Written by:- Abhishek Singh
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