Multibagger stock: B L Kashyap & Sons rallies nearly 8% on ₹208 crore order win

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₹208 crore and involves the construction of Blocks D1 & D2 (SEZ) at the Embassy Manyata Business Park Campus, Bangalore. With this new order, the total order book of the company as on date stands at ₹3,165 crore, as per the company's exchange filing. Also Read: Vibhor Steel Tubes IPO allotment to be out soon; GMP rises, steps to check Vibhor Steel IPO allotment status B L Kashyap & Sons Ltd.

(BLK) is one of the leading engineering, procurement, and construction (EPC) companies. The company has a presence in 12 cities across eight states in India. With three decades of expertise, BLK has completed over 250 projects and more than 125 million square feet.

The company's portfolio spread includes IT campuses, commercial spaces, malls, hotels, residential complexes, institutions, factories and manufacturing facilities, healthcare, and transportation. Also Read: 13 Nifty 500 stocks priced under ₹100 have gained up to 425% in a year The company shares over the last one year have gained 158%, moving from ₹29.80 apiece to the current trading price of ₹77.65. Looking at the long-term performance, the stock generated a multi-bagger return of 600% over the last three years.

Taking the stock's March 2020 low price of ₹3.35 apiece, it has jumped a whopping 2,220% to trade at the current level. Also Read: Bitcoin price rises above $52,000, regains $1 trillion market capitalization In terms of financial performance, the company reported a consolidated net profit of ₹6.91 crore in Q3FY24, down from ₹36.59 crore recorded in the same period the previous year. The high increase in operational expenses has damaged the company's profitability, which increased 30% year on year to ₹300 crore in the third quarter.