KNR Constructions was locked at 5% upper circuit at Rs 227.60 at 10:24 IST on BSE after the company said it has bagged orders worth Rs 68.37 crore from the Government of Karnataka.
The announcement was made after market hours on Thursday, 21 August 2014.
Meanwhile, the S&P BSE Sensex was up 78.29 points or 0.3% at 26,438.40.
On BSE, so far 4,295 shares were traded in the counter as against average daily volume of 8,004 shares in the past two weeks.
The stock hit a low of Rs 223.50 so far during the day. The stock had hit a record high of Rs 265.45 on 7 August 2014. The stock had hit a 52-week low of Rs 46.40 on 1 October 2013.
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KNR Constructions' net profit jumped 78.4% to Rs 19.80 crore on 14.4% growth in net sales to Rs 236.44 crore in Q1 June 2014 over Q1 June 2013.
KNR Constructions is an infrastructure development company providing engineering, procurement and construction services across various fast growing sectors such as roads and highways, irrigation and urban water infrastructure management.
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