KNR Constructions rose 5.34% to Rs 509 at 14:35 IST on BSE after the company said it bagged a road project worth Rs 669.06 crore from National Highway Authority of India.
The announcement was made after market hours yesterday, 14 May 2015.
Meanwhile, the BSE Sensex was up 126.58 points, or 0.47%, to 27,332.64.
On BSE, so far 54,000 shares were traded in the counter, compared with an average volume of 30,779 shares in the past one quarter.
The stock hit a high of Rs 524.80 so far during the day, which is also a record low for the counter. The stock hit a low of Rs 499 so far during the day. The stock hit a 52-week low of Rs 111.10 on 16 May 2014.
The stock had outperformed the market over the past one month till 14 May 2015, rising 9.82% compared with 6.33% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 28.17% as against Sensex's 6.49% fall.
The small-cap company has an equity capital of Rs 28.12 crore. Face value per share is Rs 10.
KNR Construction has bagged an order worth Rs 669.06 crore road project from National Highways Authority of India (NHAI) which entails four-laning of Kazhakkotam to Mukkola section of National Highway 47 in state of Kerala. The project is awarded under the National Highways Development Project Phase-III on engineering, procurement and construction (EPC) mode is to be completed within 24 months from the appointed date.
KNR Constructions' net profit rose 10.5% to Rs 14.88 crore on 2.3% rise in total income to Rs 215.57 crore in Q3 December 2014 over Q3 December 2013.
KNR Constructions is a multi domain infrastructure development organization
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