J Kumar Infraprojects gains after winning order

J Kumar Infraprojects rose 1.93% to Rs 140.10 at 10:39 IST on BSE after the company said its joint venture secured an order worth Rs 1349 crore.

The announcement was made after market hours yesterday, 18 December 2018.

Meanwhile, the S&P BSE Sensex was up 140.95 points, or 0.39% to 36,488.03.

On the BSE, 1.41 lakh shares were traded in the counter so far compared with average daily volumes of 21,000 shares in the past two weeks. The stock had hit a high of Rs 151.85 and a low of Rs 139.50 so far during the day. The stock hit a 52-week high of Rs 375 on 14 February 2018. The stock hit a 52-week low of Rs 112.80 on 18 December 2018.

J Kumar Infraprojects said it is in receipt of letter of acceptance from National Highways Authority in the name of J.Kumar-J.M. Mhatre (JV), in which J.Kumar is the lead partner, for construction of Dwarka Expressway in Delhi on engineering, procurement and construction (EPC) mode amounting to Rs 1349 crore.

Net profit of J Kumar Infraprojects rose 53.60% to Rs 35.39 crore on 41.51% rise in net sales to Rs 514.69 crore in Q2 September 2018 over Q2 September 2017.

J. Kumar Infraprojects is engaged in construction activities.

Powered by Capital Market - Live News