India's KNR Constructions jump after joint venture wins 48 billion rupees order

KNR Constructions

25/06/2025 11:13

** Shares of KNR Constructions KNRL.NS closed at 230.7 rupees, up 8.7%

** Records highest intraday pct rise since March 19,
** Infra developer's JV with Harsha Constructions wins contract worth 48 bln rupees ($557.9 mln) to develop and operate Banhardih coal mining block in Jharkhand

** Stock traded above its 50-day SMA after news
** Trading volume at nearly 6.6 mln shares, 4.5x its 30-day moving average, and most in a day since Feb 6
** Avg rating of 18 analysts is "hold" and median PT is 240 rupees - data compiled by LSEG
** KNRL trims YTD losses to nearly 33%

($1 = 86.0480 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

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