Construction stocks gain; KNR, NCC, Sadbhav Engineering hit 52-week high

KNR Constructions, Sadbhav Engineering, Simplex Projects, MBL Infra, HCC, Punj Lloyd, Gayatri Projects and Ramky Infra were more than 2% on the BSE

Shares of construction companies were in focus with most of the stocks from the sector trading higher by up to 7% on the BSE in otherwise subdued market.

KNR Constructions, Sadbhav Engineering, Simplex Projects, MBL Infrastructure, Hindustan Construction Company (HCC), Punj Lloyd, Gayatri Projects and Ramky Infra were more than 2%. On comparison, the S&P BSE Sensex was down marginally by 0.03% at 33,766 points at 11:41 AM

Gayatri Projects was up 3% to Rs 221 in intra-day trade after the company announced that has secured Rs 1,339 crore contract in joint venture with ‘Public Joint Stock Company