B. L. Kashyap spurts 18.8% in six sessions

B. L. Kashyap and Sons jumped 4.64% to Rs 45.10 at 12:46 IST, with the stock extending rally from the past five trading sessions.

Meanwhile, the S&P BSE Sensex was down 153.68 points or 0.48% at 31,655.87. The S&P BSE Small-Cap index rose 55.32 points or 0.34% at 16,248.50.

On the BSE, 1.60 lakh shares were traded on the counter so far as against the average daily volumes of 1.61 lakh shares in the past one quarter. The stock had hit a high of Rs 46.20 and a low of Rs 42.20 so far during the day. The stock had hit a 52-week high of Rs 51.40 on 11 July 2017 and a 52-week low of Rs 17.50 on 22 November 2016.

The stock had outperformed the market over the past one month till 5 September 2017, advancing 8.02% compared with the Sensex's 1.6% fall. The stock had also outperformed the market over the past one quarter, gaining 39.94% as against the Sensex's 1.6% rise. The scrip had also outperformed the market over the past one year, advancing 88.21% as against the Sensex's 11.49% rise.

The small-cap company has equity capital of Rs 20.54 crore. Face value per share is Rs 1.

Shares of B. L. Kashyap and Sons have surged 18.84% in six trading sessions to its ruling market price, from its close of Rs 37.95 on 29 August 2017.

The company's annual general meeting (AGM) is scheduled to be held on 29 September 2017.

B. L. Kashyap and Sons is scheduled to announce Q1 June 2017 results on 12 September 2017. The company's net profit fell 40% to Rs 1.50 crore on 2.9% decline in net sales to Rs 234.11 crore in Q4 March 2017 over Q4 March 2016.

B. L. Kashyap and Sons is a civil engineering and construction company.

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