Shares of this power transmission company gave about 50 per cent returns in just 6 months; do you have it?

Today, the stock jumped nearly 4 per cent in the morning trade.

In February 2022, the board of directors of Kalpataru Power Transmission Limited and JMC Projects approved a scheme of amalgamation.

Today, the company informed the exchange that National Company Law Tribunal (NCLT) has approved the scheme of amalgamation of JMC Projects (JMC) with Kalpataru Power Transmission (KPTL), leading to which it has become one of the largest listed diversified engineering and construction company in India with combined order visibility of nearly Rs 43,000 crore. The combined entity will have a significant presence in India and projects in 67 countries.

Now, JMC’s shareholders (other than KPTL) will be allotted one share of KPTL for every four shares held by them in JMC.

Kalpataru Power Transmission is engaged in the business of power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing and logistics business with a strong international presence in power transmission & distribution.

Today, the stock opened at Rs 549, with a high and low of Rs 549 and 527.80. The stock previously closed at Rs 528.55. Currently, the stock is trading at Rs 530, up by 0.09 per cent.

In the last six months, the shares of the company have given more than 48 per cent returns and on a YTD basis, the stock has given more than 41 per cent returns. 

The stock has a 52-week high of Rs 576.00 and a 52-week low of Rs 332.30. The company has a ROCE of 13.4 per cent and an ROE of 9.67 per cent, with a market capitalisation of Rs 7,891.44 crore.