KNR Constructions dips 4%, hits 52-week low on margin concerns

Shares of KNR Constructions hit 52-week low of Rs 207.80, down 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise a firm market on margin concerns due to higher commodities prices.

So far in June, the stock of civil construction company fell 20 per cent despite a strong performance in January-March quarter (Q4FY22). In comparison, the S&P BSE Sensex was down 6 per cent, during the same period.

The company recorded 11 per cent year-on-year (YoY) growth in total revenue from Rs 991 crore in Q4FY21 to Rs 1,102 crore in Q4FY22. Meanwhile, EBITDA