This small-cap stock on Wednesday rose more than 6% after the company received an order worth Rs. 167 Cr. On the same day, the stock reached a new 52-week high of Rs. 57.75. Currently, the stocks are trading above both the 50-day and 200-day moving averages.
B L Kashyap and Sons Ltd
It is a small-cap stock, with a market capitalisation of Rs. 1,242 Cr. On Wednesday the stock jumps more than 6%, At 12:30 p.m., stocks were trading 1.6% up at Rs. 54.55 on NSE.
According to the company filing, B L Kashyap and Sons Ltd secured an order worth Rs. 167 Cr from Delhi International Airport Ltd for Civil and structure works for SAM projects at Gateway District, Aerocity, IGI Airport, New Delhi. The order will be executed in 18 months approx. The order book currently totals Rs. 3005 Cr.
The stock delivered 120% returns in one year to the investors, therefore making an investment of 1 lakh one year ago now would be worth 2.20 lakhs.
As per the company filing, total revenues grew by 11.6% from Rs. 285.6 Cr in Q1 FY23 to Rs. 252.4 Cr In Q1 FY24 and for the same period, net profit declined by 19.5% from Rs. 14.8 Cr to Rs. 11.9 Cr.
As per the latest shareholding information, Promoters hold 61.61%, FIIs hold 0.43% and the Public hold a 37.96% stake in the company.
The business, B L Kashyap and Sons Ltd is involved in infrastructure development and construction. It offers building solutions and services for a variety of industries, including factories, manufacturing facilities, campuses for information technology, commercial and residential complexes, colleges, hotels, and hospitals.
Written by Sheshadri N
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