BL Kashyap finally dropped 5% to close at its lower circuit of Rs 363. Around 33, 000 shares changed hands on the BSE counter.
______________________________________________________
(Updated 1400 hrs)
BL Kashyap & Sons has declined over 4% to Rs 366, after touching a high of Rs 401 in early trades. The stock has touched its lower circuit limit of Rs 363. The counter has witnessed trades of around 30,000 shares so far.
The company has bagged new projects worth over Rs 560 crore, as issued in a release to the BSE yesterday.
The company has informed BSE that it has bagged new projects for construction in the first quarter of financial year 2009-10, out of which Rs 124 crore is for infrastructure and PSU sector, a new thrust segment for the company.