KSB surges 9% to trade near new high on strong order book position

The management believes that the demand for capital products will further grow, owing to increased capital investment in infrastructure in this budget.

Shares of KSB surged 9 per cent to Rs 2,128 in Friday’s intra-day trade, in otherwise a weak market. The stock of the company, one of the world’s leading suppliers of pumps, valves and systems, traded close to its record high level of Rs 2,171, which it had touched on October 13, 2022, on healthy order book position.

In the past 10 trading days, shares of KSB rallied 15 per cent, after they recorded outstanding growth in the fourth quarter- Oct’22 to Dec’22 (Q4CY22). Net profit jumped 43 per cent year-on-year (YoY) to Rs 54.2 crore from Rs 37.9