KNR Constructions hits three-month high; up 32% in two months

The stock rallied 8% to Rs 225 on Thursday, extending its Wednesday's 3% gain on BSE, on the expectation of strong earnings growth over the medium-term.

Shares of KNR Constructions (KNRCL) hit a three-month high of Rs 225, up 8% on Thursday, extending its Wednesday’s 3% gain on BSE, on the expectation of strong earnings growth over the medium-term.

The stocks of the construction and engineering company were trading at its highest level since September 6, 2018. In the past two months, it rallied 32% as compared to a 7.5% rise in the S&P BSE Sensex.

The company had an order book of Rs 58.1 billion (3.0x of FY18 revenue) at end of the September 2018. It forayed into the development of five HAM (Hybrid