KNR Constructions Share: KNR Constructions shares surged 14.31% in intraday trading on Wednesday, November 13. Strong performance in the September quarter helped the company’s stock rally, and KNR constructions share get 87% consolidated revenue growth, reaching Rs. 1,944.86 crores. Annual operating profit increased by 276%, from Rs. 231 crores to Rs. 891 crores. Other factors also contributed to this increase, including Profit After Tax (PAT), which soared 306%, from Rs. 165 crores just a year ago to Rs. 580 crores.
KNR Constructions is one of the major players in the infrastructure development sector. Road construction, including highways, flyovers, bridges, and irrigation, are the two key areas the company focuses on, participating in all contracts, including item rates, EPCs, BOTs (tolls), and HAM. KNR has consistently posted strong growth in the roads and irrigation sectors. Due to a slowdown in projects covering railways, storage, and tunnels, it is now looking to expand services to cater to other industries. KNR constructions may take these projects on independently or with the help of joint ventures with different firms.
Stock Doing Extremely Well for the Past 4 Years
KNR Constructions shares are up nearly 160% in the last four years. The stock, which traded at Rs. 124.65, is now trading at Rs. 320.80. Elara Capital, a domestic brokerage firm, maintained its ‘Accumulate’ rating on the stock, revising the target price to the higher side to Rs. 336 per Share. The firm suggests that KNR constructions stock should return to growing at more than 15% by the end of FY26 after a muted performance for two years.
17 other brokerage firms also cover KNR constructions, with 5 of those firms recommending a ‘buy’ call, six suggesting holding onto the stock, and six others saying that investors should sell. The stock has also beat the NIFTY, with a significant 20 percent growth compared to 9 percent.
Conclusion
Owing to its tremendous growth, KNR Constructions limited share may be worth considering. The construction company also entered into an agreement with JKM Infra Projects to transfer the whole stake in KNR Muzaffarpur Barauni Tollway. So, while all this makes the KNR Constructions stock worth investing in, investors should still look for news articles, announcements, and analysis, not to mention keeping tabs on the financials.
KNR Constructions Limited
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