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BL Kashyap Shares Soar 9% on Winning Order of Rs 147 Crore

The total order book of the company as of date stands at Rs 3,005 crore

Civil engineering and construction company, BL Kashyap’s shares increased 9% in early trade after winning an order worth Rs 147 crore. BL Kashyap and Sons safeguarded the new order from Nzuri Pune Knowledge Park. Thus, the total order book stands at Rs 2,774 crore to date.

The project is for implementing civil, operational, and associated work in 27 months.

The business posted a net loss of Rs 31.93 crore in March 2023 quarter against a profit of Rs 18.40 crore in the same quarter of 2022. The company’s revenue was down 15% at Rs 275.92 crore versus Rs 324.25 crore YoY.

At 9:18 am, BL Kashyap & Sons traded at Rs 40.60, up Rs 2.51, or 6.59% on the BSE.

The share moved a 52-week high of Rs 43.08 and a 52-week low of Rs 16.85 on May 3, 2023, and June 21, 2022, respectively.

It traded 5.76% below its 52-week high and 140.95% above its 52-week low.

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