Up 670% in 3 years! This multibagger smallcap stock jumps over 6% on Rs 167 crore order win
BL Kashyap rallied over 6% to Rs 57 in Wednesday's trade on BSE after the company secured a new order aggregating to approximately Rs 167 crore, from the Delhi International Airport.
The order is for the construction of structural works and other finishing works and is to be executed in 18 months.
The company's total order book, as of now, stands at Rs 3,005 crore, excluding GST.
Earlier in July, the firm had secured a Rs 369 crore order from DLF Home Developers. In June, it also secured an order aggregating Rs 147 crore from Nzuri Pune Knowledge Park Private Limited.
At 11.02 a.m., the scrip was trading 1% higher at Rs 55.
On a year-to-date, the stock surged over 70%. It has also delivered multibagger returns to its investors, with the stock clocking over a 120% rally in the last one year, and over 670% in the past three years.
In Q1 FY24, the company reported an 18% fall in net profit at Rs 9 crore, compared with Rs 11 crore in the same period the previous year.
While its sales stood at Rs 252 crore in Q1 FY24, down 12.5% year-on-year (YoY) as compared to Rs 288 crore in Q1 FY23.
Technically, the stock's day RSI (14) is at 61.3. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed.
MACD is at 2.7, which is above its Center Line, but below signal line.
According to the latest shareholding pattern available with the exchanges, as of 30 June 2023, 61.6% of the company's shareholding is with the promoter & promoter group, and 38.4% with the public.
BL Kashyap is engaged in large industrial, residential, and commercial construction projects. The company also provides integrated engineering, procurement, and construction services.
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