KNR Constructions’ share prices surged by 20 percent today, hitting an upper circuit. This rise brought the share price to Rs 407.30 on the BSE, marking a 52-week high.
Over the last two trading days, the company’s share prices have increased by 35 percent, and it has delivered a return of over 58 percent to positional investors in three weeks.
Company Operations and Projects
KNR Constructions is a prominent player in the infrastructure sector, focusing on building roads, irrigation systems, flyovers, and highways.
The company is actively working on projects across several states, including Kerala, Andhra Pradesh, Karnataka, Tamil Nadu, and Bihar.
Significant investments from the central government in initiatives like PM Gati Shakti, the National Infrastructure Pipeline, and the Smart City Mission have bolstered the company’s growth.
Government Emphasis on Road Infrastructure
The central government’s increased focus on road infrastructure has created significant opportunities for KNR Constructions.
This year’s budget saw an 11 percent increase in road CAPEX, resulting in the company securing contracts worth Rs 1,200 crore. Currently, KNR Constructions has projects valued at Rs 6,505 crore in its portfolio.
Stock Market Performance
In the past six months, KNR Constructions’ share prices have risen by more than 42 percent. Investors who have held the stock for a year have seen profits exceeding 55 percent.
Promoter and Institutional Holdings
Promoters hold more than 51 percent of the company’s shares, with Kamidhi Narasimha Reddy owning 32.5 percent.
Among domestic institutional investors, HDFC Mutual Fund has an 8.5 percent stake in the company.
