52-week high alert and Rs 3,545 crore order book: Heavy buying witnessed in this multibagger stock; gains over 300 per cent!
Shares of the company gained about 50 per cent in the last six months.
Shares of B.L. Kashyap and Sons Limited gained more than 5 per cent on Monday. The stock also made a new 52-week high On Monday. The stock has witnessed heavy buying activity from investors in the last few days.
B.L. Kashyap & Sons Limited is an EPC company engaged in the business of construction of Buildings High-Rise Residential and Commercial Complexes, IT Parks, Institutional Buildings, etc. It also takes up turnkey projects to set up power generation plants, power transmission, and distribution systems, integrated rail and metro systems, residential buildings, townships, etc. Shares of B.L. Kashyap & Sons Limited have also delivered multibagger returns of more than 300 per cent in a three-year holding period. FIIs increased their stake in the company in June 2024.
Recently, B.L. Kashyap and Sons secured two new contracts worth a combined Rs 1,021 crore, bringing their total order book Rs 3,545 crore. The first project, valued at Rs 97 crore, involves constructing a hotel structure and shell for Sattva Homes Private Limited within 13 months. The second project, worth Rs 924.11 crore, is for DLF City Centre Ltd. and entails completing civil and composite steel structural works in 21 months. Both projects are domestic contracts.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.