The company reported a 120% increase in standalone net profit at Rs.32.80 crore for the third quarter that ended on December 31, 2015.
KNR Constructions reported a 120% increase in standalone net profit at Rs.32.80 crore for the third quarter that ended on December 31, 2015.
During the quarter under review, operating profit stood at Rs. 46.55 crore for the quarter, clocked growth of 55.06% yoy. The company’s revenue stood at Rs. 218.55 crore, up 2.34%.
Stock commentary:
KNR Constructions Ltd is currently trading at Rs. 477, up by Rs. 30.8 or 6.9% from its previous closing of Rs. 446.2 on the BSE.
The scrip opened at Rs. 462.3 and has touched a high and low of Rs. 485 and Rs. 462.3 respectively. So far 2484(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1254.71 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 651.75 on 19-Nov-2015 and a 52 week low of Rs. 350 on 24-Feb-2015. Last one week high and low of the scrip stood at Rs. 501.3 and Rs. 408 respectively.
The promoters holding in the company stood at 60.75 % while Institutions and Non-Institutions held 27.2 % and 12.05 % respectively.
The stock is currently trading above its 200 DMA.
During the quarter under review, operating profit stood at Rs. 46.55 crore for the quarter, clocked growth of 55.06% yoy. The company’s revenue stood at Rs. 218.55 crore, up 2.34%.
Stock commentary:
KNR Constructions Ltd is currently trading at Rs. 477, up by Rs. 30.8 or 6.9% from its previous closing of Rs. 446.2 on the BSE.
The scrip opened at Rs. 462.3 and has touched a high and low of Rs. 485 and Rs. 462.3 respectively. So far 2484(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1254.71 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 651.75 on 19-Nov-2015 and a 52 week low of Rs. 350 on 24-Feb-2015. Last one week high and low of the scrip stood at Rs. 501.3 and Rs. 408 respectively.
The promoters holding in the company stood at 60.75 % while Institutions and Non-Institutions held 27.2 % and 12.05 % respectively.
The stock is currently trading above its 200 DMA.
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