Kalpataru Power hits 52-week high

Kalpataru Power Transmission rose 2.11% to Rs 234.75 at 10:50 IST on BSE after HDFC Mutual Fund - Equity bought a total of about 17.81 lakh shares in bulk deals on BSE and NSE yesterday, 1 January 2015.

Meanwhile, the S&P BSE Sensex was up 317.57 points or 1.15% at 27,825.11.

On BSE, so far 1.71 lakh shares were traded in the counter as against average daily volume of 2.93 lakh shares in the past two weeks.

The stock hit a high of Rs 241.25 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 234.45 so far during the day.

HDFC Mutual Fund - Equity bought 8.23 lakh shares of Kalpataru Power Transmission (KPTL) at Rs 229.96 per share in a bulk deal on NSE yesterday, 1 January 2015. It has bought another 9.58 lakh shares at Rs 230 per share on BSE.

KPTL's net profit rose 37.8% to Rs 42.70 crore on 18.8% growth in net sales to Rs 1123.55 crore in Q2 September 2014 over Q2 September 2013.

KPTL is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution. The company is currently executing several projects in India, Africa, Middle East, Australia, North America, CIS region and Far East.

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