The company has bagged multiple orders worth Rs 1,092 crore across its businesses in India and overseas.
As on March 31, 2022, the company has an order book position of Rs 9,001 crore. With this, KNR has targeted further order book inflow of Rs 4,000 to Rs 5,000 crore for the year FY23.
No major negative disclosure from the CBI raid will be key triggers for future price performance, according to analysts at ICICI Securities.
In the past three months, the stock zoomed 55 per cent, as against 1 per cent decline in the S&P BSE Sensex.
Larsen & Toubro and Engineers India need to hold above the key levels for further upside.
On February 25, 2022, Niyogi Enterprise Private Limited, one of the promoters of Nuvoco Vistas, purchased 68,222 equity shares of the company via market purchase
Infra related stocks can easily see a jump of 10 per cent in quick time
Adani Ports and SEZ, Hindustan Petroleum and ONGC rose 7.8 per cent, 5 per cent and 3.5 per cent respectively over two days
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India
MEP Infrastructure was up around 4.5 per cent to Rs 18.70 on the BSE.
For investors, the revenue statement, both for the quarter and annually, will not give an accurate picture. So, investors will have to look at cash flows