KNR Constructions soars 17% in 3 days; analysts see 21% upside in stk price

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

Shares of KNR Constructions extended their gains into third straight day, up 3.1 per cent to Rs 265.2 apiece, on the BSE on Thursday after the company reported healthy June quarter numbers. With today's gains, shares of the construction and engineering firm have advanced 17 per cent on the BSE in the past three days, as against 0.8 per cent gain in the benchmark S&P BSE Sensex. 

The stock, however, erased gains later and settled 1.7 per cent lower at Rs 252.75 per share on the BSE, as against 1 per cent decline in the benchmark S&P BSE Sensex. 

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