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BL Kashyap & Sons advances on bagging orders worth Rs 460.53 crore

26 Aug 2019

BL Kashyap & Sons is currently trading at Rs. 9.70, up by 0.42 points or 4.53% from its previous closing of Rs. 9.28 on the BSE.

The scrip opened at Rs. 9.25 and has touched a high and low of Rs. 9.74 and Rs. 9.20 respectively. So far 10861 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 40.30 on 06-Sep-2018 and a 52 week low of Rs. 7.25 on 27-Jun-2019.

Last one week high and low of the scrip stood at Rs. 9.80 and Rs. 8.55 respectively. The current market cap of the company is Rs. 219.13 crore.

The promoters holding in the company stood at 61.44%, while Institutions and Non-Institutions held 7.32% and 31.24% respectively.

BL Kashyap & Sons has won orders worth approximately Rs 460.53 crore. The projects are from various unrelated domestic clients from varied sectors. The projects will be carried out in cities such as Bangalore and Trivandrum. Most projects are expected to be completed in a period of 24 months from the date of award.

The projects include the Concrete and structural package, built up area approximately 8.80 lakh Sq.ft. worth Rs 78.71 crore at Bengaluru; Civil and Finishes work built up area approximately 16 lakh sq.ft. worth Rs 168 crore at Trivandrum; Civil Structure and Finishes work, built up area approximately 8 lakh sq.ft. worth Rs 47 crore at Bengaluru; and Concrete and Block work, Block 3 Parcel 2 (SEZ), built up area approximately 14 Iakhs sq.ft. worth Rs 166.82 crore Bengaluru.

BL Kashyap & Sons is engaged in the business of construction of factories and manufacturing facilities, IT campuses, commercial and residential complexes and malls.

Related BL Kashyap & Sons Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323