Rs 3,383 crore order book: Multibagger civil construction stock jumps over 10 per cent; Earlier bagged order worth Rs 160 crore from Suruchi Properties Pvt Ltd
The stock gave multibagger returns of 154 per cent in just 1 year and a whopping 1,035 per cent in 5 years.
On Wednesday, shares of B.L. Kashyap surged 10.26 per cent to an intraday high of Rs 110.10 per share from its previous closing of Rs 99.85. At the closing bell, shares of the company ended the day in green, up 9.26 per cent to Rs 109.10 per share.
B L Kashyap & Sons Limited, a leading civil engineering and construction company listed on BSE (532719) and NSE (BLKASHYAP), has secured a Rs 160 crore order from Suruchi Properties Pvt Ltd, a subsidiary of Century Real Estate Holdings. This domestic order mandates the construction of residential buildings within a 20-month timeframe and encompasses civil, structural, and allied works at Kodihalli, Bengaluru.
Earlier, the company secured two new domestic orders totalling approximately Rs 1,021 crore. The first order, valued at approximately Rs 97 crore, was awarded by Sattva Homes Private Limited for the construction of the hotel structure and shell work, to be completed within 13 months. The second order, from DLF City Centre Ltd., is worth approximately Rs 924.11 crore and involves civil and composite steel structural works with a 21-month execution timeline.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
The order book as of July 2024, stands at Rs 3,383 crore. These orders encompassed various segments such as railways, business parks, educational institutions, and residential complexes. With the strong execution of the existing order book and the robust momentum in the construction and infrastructure sector, the company anticipates continued growth. The significant influx of projects serves as evidence for this positive outlook.
The stock gave multibagger returns of 154 per cent in just 1 year and a whopping 1,035 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Rs 540 crore order book and FIIs & DIIs increase stake: Multibagger marine electrical equipments stock hit upper circuit on August 07; Here’s Why!