Kalpataru Projects Shares Hit Five-Month High On Winning Rs 3,789 Crore Orders
Shares of Kalpataru Projects International Ltd. rose over 7% on Monday after it won a construction order.
The EPC player in the power transmission and distribution and civil infrastructure sector secured two new projects worth Rs 3,789 crore, according to an exchange filing on Monday.
The first order is in the building and factories business in India. This includes the largest B&F order secured by the company to date for the development of over 12 million square feet of residential buildings along with associated facilities on a design-build basis.
The second order is in the power transmission and distribution segment in the overseas market.
“We feel privileged to announce the receipt of the above-mentioned orders, especially the largest ever B&F order received by us on a design and build basis, which is a testament to our strong EPC capabilities in the B&F business," said Manish Mohnot, managing director and chief executive officer at Kalpataru Projects.
Kalpataru Projects Share Price Advances
The shares of Kalpataru Projects rose as much as 7.32% to Rs 1,234 apiece, the highest level since Jan. 10. It pared gains to trade 3.05% higher at Rs 1,185.10 apiece, as of 9:58 a.m. This compares to a 0.36% advance in the NSE Nifty 50 Index.
It has fallen 6.21% in the last 12 months and 8.61% year-to-date. Total traded volume so far in the day stood at 1.2 times its 30-day average. The relative strength index was at 55.92.
Out of 17 analysts tracking the company, 15 maintain a 'buy' rating and two recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 7.7%.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
