India's Kalpataru Projects International rises on winning orders

Kalpataru Projects International

25/03/2025 07:04

** Shares of Kalpataru Projects International KAPT.NS rise 2.2% to 1,001.9 rupees

** Construction and engineering co wins new orders worth 23.66 bln rupees ($276 mln)

** Co wins one order in transmission and distribution business and another in buildings and factories business

** If trend holds, stock set to rise for a seventh straight session, gaining 17%

** Avg rating of 15 analysts is "buy" and median PT is 1,255 rupees, ~25% higher than current price - data compiled by LSEG

** KAPT trims YTD losses to ~23%

** Stock rose 82.9% in 2024, its fourth straight yearly gain

($1 = 85.7310 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))