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Kalindee Rail Nirman declines despite announcement of developing 725 kms new lines

14 Mar 2012 Evaluate

Dinesh Trivedi announced that 725 kms of new lines to be developed. Under developed areas to get focus.

Kalindee Rail Nirman (Engineers) is currently trading at Rs. 107.05, down by 5.15 points or 4.59% from its previous closing of Rs. 112.20 on the BSE.

The scrip opened at Rs. 114.00 and has touched a high and low of Rs. 115.00 and Rs. 106.15 respectively. So far 1088721 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.80 on 28-Jul-2011 and a 52 week low of Rs. 81.90 on 28-Mar-2011.

Last one week high and low of the scrip stood at Rs. 117.00 and Rs. 106.15 respectively. The current market cap of the company is Rs. 137.36 crore.

The promoters holding in the company stood at 15.65% while Institutions and Non-Institutions held 2.59% and 81.76% respectively.

Kalindee Rail carries out various infrastructure facilities and construction projects, mainly into railway and telecom space. The company has diversified into Ballasted and Ballast-less Railway Track, Access Control Systems for Metro Rail, Roads, Buildings and Bridges. Kalindee has also developed links with internationally reputed organizations to provide the latest state of the art technology.

Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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