KNR Constructions surges as FIIs raise stake in Q1FY16

KNR Constructions Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532942 | NSE: KNRCON

07 Jul 2015 Evaluate

KNR Construction is currently trading at Rs 580.00, up by 7.00 points or 1.22% from its previous closing of Rs. 573.00 on the BSE.

The scrip opened at Rs. 581.00 and has touched a high and low of Rs. 582.00 and Rs. 577.00 respectively. So far 1406 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.00 on 06-Jul-2015 and a 52 week low of Rs. 200.00 on 15-Jul-2014.

Last one week high and low of the scrip stood at Rs. 583.00 and Rs. 515.00 respectively. The current market cap of the company is Rs. 1631.16 crore.

The promoters holding in the company stood at 60.86% while Institutions and Non-Institutions held 26.40% and 12.74% respectively.

Foreign institutional investors (FIIs) have raised their stake in KNR Constructions by 50 basis points to 1.35 percent at the end of June 2015 from 0.85 percent as on March 31, 2015. Domestic institutional investors (DIIs) have also raised their shareholding in the company by 428 basis points to 25.05 percent at the end of June 2015 from 20.77 percent as on March 31, 2015.

Non Institutions were holding 12.74 percent stake at the end of June 2015, down 12 basis points from 12.86 percent as on March 31, 2015, while Corporate bodies were holding 3.05 percent stake at the end of June 2015, up 28 basis points from 2.77 percent as on March 31, 2015.

Indian promoters have reduced shareholding in the company by 466 basis points to 60.86 percent at the end of June 2015 from 65.52 percent as on March 31, 2015.

KNR Constructions is an infrastructure development company providing engineering, procurement and construction services across various fast growing sectors, namely, roads and highways, irrigation and urban water infrastructure management.