Multibagger from its 52-week low: This small-cap company secures order worth Rs 238 crore!
Including the above order, the company’s order book as on date stands at Rs 2,518 crore (excluding GST) till date.
B.L. Kashyap and Sons Limited, one of the leading civil engineering and construction company has secured new order from Embassy Construction Private Limited for the concrete and block work package. The order is worth Rs 238 crore and will be completed in 28 months from LOI.
Including the above order, the company’s order book as on date stands at Rs 2,518 crore (excluding GST) till date.
On Wednesday, shares of B.L. Kashyap & Sons zoomed 8.71 per cent to make a new 52-week high of Rs 43.08 per share. At, the closing bell, shares of the company ended the day in green, up 2.52 per cent at Rs 40.63 per share. The share of the company saw a spurt in volume by more than 1.53 times on BSE.
B.L. Kashyap & Sons Ltd is an EPC company engaged in the business of construction of buildings high-rise residential and commercial complexes, IT parks, institutional buildings, etc.
The financials show that the market cap of this construction company is Rs 914 crore. The company presented excellent numbers in quarterly and annual financial statements. The stock has a PE of 15x whereas the sectoral PE is 37.40x. The company has delivered good profit growth of 27.30 per cent CAGR over the last 5 years.
The stock gave multibagger returns of 155.67 per cent from its 52-week low of Rs 16.85. Investors should keep an eye on this Small-Cap multibagger stock.