Multibagger from its 52-week low: This small-cap company secures order worth Rs 132 crore!
Including the above order, the company’s order book as of date stands at Rs 2,650 Crores (excluding GST) till date.
B.L. Kashyap and Sons Limited, one of the leading civil engineering and construction companies, has secured a new order totalling approx. Rs 132 crore. The company received this order from the Indian School of Business for a general contract involving shell and core work, among other things.
With this new order, the company's total order book as of the present date stands at Rs 2,650 crore (excluding GST).
On Thursday, the shares of B.L. Kashyap & Sons experienced a surge of 2.17 per cent to reach an intraday high of Rs 40.89 per share. At the close of the trading session, the company's shares finished the day in positive territory, up 0.65 per cent at Rs 40.28 per share.
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B.L. Kashyap & Sons Ltd is an EPC company engaged in the construction business, specializing in the construction of high-rise residential and commercial complexes, IT parks, institutional buildings, and more.
Financial data reveals that the market capitalization of this construction company amounts to Rs 908.07 crore. The company has shown impressive performance in its quarterly and annual financial statements. The stock has a price-to-earnings (PE) ratio of 15x, whereas the sectoral PE stands at 37.40x. Furthermore, the company has delivered a solid profit growth of 27.30 per cent CAGR over the past 5 years.
The stock gave multibagger returns of 142.67 per cent from its 52-week low of Rs 16.85 per share. Investors should monitor this small-cap construction stock closely.