Rs 57,195 Crore Order Book: Multibagger Engineering & Construction Company Bags New Orders Of Rs 1,241 Crore

The stock gave multibagger returns of 137 per cent from its 52-week low of Rs 601.25 per share.

Kalpataru Projects International Limited (KPIL), a leading Indian Engineering & Construction firm, has secured new orders worth Rs 1,241 crores. These orders include Transmission & Distribution (T&D) projects both domestically and internationally, as well as Residential and Commercial Building projects within India. This significant addition to KPIL's order book further solidifies its position in the industry.

On Tuesday, shares of Kalpataru Projects International Limited (KPIL) gained 4.27 per cent to Rs 1,426 per share from its previous closing of Rs 1,367.55. The stock’s 52-week high is Rs 1,449.15 while its 52-week low is Rs 601.25.

About Kalpataru Projects International Limited (KPIL)

KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 73 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards.  The company has a market cap of over Rs 22,000 crore.

Order Book: The company’s order book stands at Rs 57,195 crore as of June 30, 2024, an increase of 21 per cent YoY with 55 per cent with domestic orders and 45 per cent international orders.

In June 2024, FIIs & DIIs increased their stake to 10.06 per cent and 45.61 per cent respectively compared to 8.17 per cent and 43.64 per cent, respectively, in March 2024. The stock gave multibagger returns of 137 per cent from its 52-week low of Rs 601.25 per share. Investors should keep an eye on this mid-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.