Rs 3,005 crore order book: This multibagger civil construction company receives order worth Rs 167 crore from Delhi International Airport Limited!
The stock gave multibagger returns of 120 per cent in just 1 year and over 660 per cent in 3 years.
On Wednesday, shares of B.L. Kashyap Ltd surged 6.33 per cent to an intraday high of Rs 57.3 per share from its previous closing of Rs 53.89. At the closing bell, shares of the company ended the day in green, up 0.76 per cent to Rs 54.3 per share.
B L Kashyap & Sons Limited (BSE: 532719 NSE: BLKASHYAP), one of the leading civil engineering and construction company, has received an order worth Rs 167 crore from Delhi International Airport Limited. The order includes civil and structure works for the SAM project at Gateway District, Aerocity, IGI Airport, New Delhi. The order will be completed within 18 months from the letter of intent.
The order book as of March 31, 2023 stands at Rs 2,522 crore. In the current financial year, the company received 483 crore orders including the above order from various clients across India. With this, the company's current order book stands at Rs 3,005 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 120 per cent in just 1 year and over 660 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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