KNR Constructions locks at upper circuit on orders win
The company reported a standalone net profit of Rs 19.79 crore in June 2014 quarter, up 78.44 per cent, from net profit of Rs 11.09 crore.
By ET Online | Updated:
MUMBAI: Shares of KNR Constructions were locked at 5 per cent upper circuit on bagging Rs 68.37 crore orders from Government of Karnataka.
The company will construct road over bridge on Davanagere - Channagiri road and on Ramdurga - Badami road. The project is expected to be completed within 24 months.
The company reported a standalone net profit of Rs 19.79 crore in June 2014 quarter, up 78.44 per cent, from net profit of Rs 11.09 crore in the corresponding quarter last fiscal.
Total income rose to Rs 236.48 crore in June 2014 quarter against Rs 207.64 crore in year-ago period.
The stock was locked at 5 per cent upper circuit at Rs 227.60 on the BSE. There were pending 15,221 buy orders and no sellers in the stock.
The company will construct road over bridge on Davanagere - Channagiri road and on Ramdurga - Badami road. The project is expected to be completed within 24 months.
The company reported a standalone net profit of Rs 19.79 crore in June 2014 quarter, up 78.44 per cent, from net profit of Rs 11.09 crore in the corresponding quarter last fiscal.
Total income rose to Rs 236.48 crore in June 2014 quarter against Rs 207.64 crore in year-ago period.
The stock was locked at 5 per cent upper circuit at Rs 227.60 on the BSE. There were pending 15,221 buy orders and no sellers in the stock.
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