Multibagger penny stock with Rs 3,545 crore order book: This infrastructure stock bags new order worth Rs 1,021 crore; gains over 220 per cent!
Shares of the company gained more than 30 per cent in the last six months.
B.L. Kashyap and Sons, a leading civil engineering and construction company, 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.
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 about 220 per cent in a three-year holding period. FIIs increased their stake in the company in March 2024.
Today, the stock opened at Rs 91.56, with a high and low of Rs 91.56 and Rs 88.90, respectively. The stock is currently trading at Rs 89.26, which decreased by 0.57 per cent. The stock has a 52-week high of Rs 95.00 and a 52-week low of Rs 38.93.
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.
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