India's B L Kashyap and Sons hits over 15-year high on orders worth $122 mln

B L Kashyap and Sons

12/06/2024 05:11

** Shares of B L Kashyap and Sons  BLKS.NS  up 2.5% to 92.90
rupees 
    ** Stock rose as much as 4.2% in early trade to 94.75
rupees, highest level since Sept. 2008 
    ** The civil engineering and construction firm said on
Tuesday it secured two new orders worth 10.21 bln rupees ($122.2
mln)
    ** More than 4.2 mln shares change hands in early trade,
2.2x the 30-day avg 
    ** BLKS on track for a sixth straight session of gains, if
current trends hold
    ** Including session's gain, the stock is up 46.7% YTD,
outperforming larger peer Larsen and Toubro  LART.NS , which is
up 2.6%

($1 = 83.5525 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))