The stocks of B L Kashyap and Sons Limited opened their trading hour today at Rs 40.70 and currently trades at Rs 40.05. The scrip witnessed an intra-day high of Rs 41.45, which represents a gain of around 9 percent as compared to the previous closing price of Rs 38.05. The company has a market capitalization of Rs 900 crores.
The stock moved today after the company, through a filing over the BSE, announced that it has received an order worth Rs 147 crores from ‘Nzuri Pune Knowledge Park Private Limited’. It is a domestic contract that involves civil and structural work along with other associated activities. Moreover, the order shall be executed within a period of 27 months.
Having a glance at the quarterly financials the company released recently, the operating revenues took a shift from Rs 253 crores in the quarter ending December 2022 to Rs 276 crores in the quarter ending March 2023.
Moreover, the operating margins of the company rose from 7.09 percent during FY21-22 to 9.72 percent in FY22-23. The debt-to-equity ratio, on a positive note, recorded a slight reduction from 0.87 times during FY21-22 to 0.72 times in FY22-23.
B L Kashyap and Sons Limited is a company based in India that engages in infrastructure development and construction activities. The company provides its services and solutions to various sectors such as information technology campuses, schools & colleges, hotels, hospitals, etc.
According to the latest shareholding data for the March 2023 quarter, Promoters hold a 61.58 percent stake, and Foreign Institutional Investors (FIIs) hold a 0.22 percent stake in the company.
Written by Amit Madnani
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