KNR Constructions

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The company's total revenue from operations slipped 15 per cent to Rs 848.1 crore, compared to Rs 9,960.1 crore year-on-year (Y-o-Y)

The 'Death Cross' term is used when the stock's 50-DMA falls below 200-DMA; which in general leads to a tepid trend thereafter.

With a strong bidding pipeline and better bidding strategy, the management expects total order inflow of Rs 5,000-6,000 cr in FY25 which shall keep its order book healthy moving ahead.

The brokerage firm MOFSL said the tender pipeline remains robust with strong order flows expected post elections.

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

As on March 31, 2022, the company has an order book position of Rs 9,001 crore. With this, KNR has targeted further order book inflow of Rs 4,000 to Rs 5,000 crore for the year FY23.

The board approved dilution of entire stake held in material subsidiary companies, namely KNR Shankarampet Projects, KNR Srirangam Infra and KNR Tirumala Infra

CRISIL Ratings revised its outlook on the long-term bank facilities of the company to 'Positive' from 'Stable' and reaffirmed the rating at 'CRISIL AA-'

Public sector lender Punjab & Sind Bank said it has declared the account of IL&FS Transportation Network with total dues of Rs 149.98 crore as fraud

According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India

The stock will turn ex-date for bonus issue on Wednesday, February 3

The recently won contract is likely to strengthen KNR's order position further, said ICICI Securities

In the past one week, stock of the construction & engineering company has rallied 17 per cent after the company on Monday, December 14, announced bonus issue plan

The board of directors of the company is schedule to meet today to consider declaration of bonus shares and other related issues

The board of directors of the Company is scheduled to meet on Friday to consider declaration of bonus shares and other related issues

Analysts expect better order flows, improving labour availability and rising construction activities to boost second half performance

Analysts believe the company is well-placed to execute projects much better than its peers given its ability to win orders and maintain healthy margins

In December last year, Union minister for road transport and highways Nitin Gadkar had informed the Parliament that the ministry has 318 ongoing arbitration cases worth nearly Rs 80,000 crore

KNR Constructions announced to sell its entire equity stake in a toll road BOT asset of special purpose vehicle (SPV) viz KNR Walayar Tollways Private Limited (KWTPL) to Singapore-based Cube Highways.