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KNR Constructions up 6% after co's unit receives sanction for HAM projects

At 11:30 am, the stock was trading at Rs 207 apiece on BSE, up 3.04 per cent.

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Shares of KNR Constructions rallied 6 per cent in the intraday trade on Friday after the company's subsidiary KNR Shankarampet Projects received sanction from bank to finance its Hybrid Annuity Mode (HAM) Projects.  At 11:30 am, the stock was trading at Rs 207 apiece on BSE, up 3.04 per cent. The construction company has given multibagger returns in the last five years. On September 16, 2018, the stock stood at Rs 13.61 apiece. Five years on, the price has zoomed 1,376 per cent to Rs 200.9 (as of Wednesday's close). However, the stock has lost 59 per cent since ...