An infrastructure project development company, KNR Constructions has closed the day at Rs 154.90, down 8.88% or Rs 15.10 after hitting an intraday high/low of Rs 210 and Rs 151.30, respectively on the NSE. The stock opened above its issue price of Rs 170 but remained below issue price through the day due to weak market sentiment.
It traded with volumes of 54,46,069 shares and turnover stood at Rs 88 crore.
In an interview with CNBC-TV18, Jalandhar Reddy, Executive Director, KNR Constructions said that their FY09 revenues are being pegged at Rs 770 crore with at PAT of Rs 45 crore and an EPS of Rs 16. He added that their Rs 2000 crore order book is executable over 2.5 years and that they are looking at bidding independently for large projects as well.
On the BSE, it started the day at Rs 180 and ended at Rs 154.35, with volumes of 57,56,525 shares. The stock touched a high/low of Rs 199 and Rs 151.15, respectively.
The company had entered capital market with an initial public offering of 7,874,570 equity shares of Rs 10 each, which got subscribed 1.25 times.
Source: Moneycontrol.com
Monday, February 18, 2008
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