KNR Constructions Ltd Share Price (KNRCON)

KNR Constructions Boasts Debt-Free Balance Sheet and Cash Reserves - 27 Sep, 2023

KNR Constructions has a debt-free balance sheet with cash reserves of Rs 85 crore and is looking to monetize existing Hybrid Annuity Model (HAM) projects.

ICICI Direct Recommends 'Buy' for KNR Constructions - 26 Sep, 2023

ICICI Direct has recommended a 'buy' call on KNR Constructions with a target price of ₹340, indicating an upside of 25%. The company enjoys a strong execution track record and a healthy balance sheet. ICICI believes that KNR's focus on diversifying geographically and segment-wise could drive accelerated order inflows and sharply improve growth visibility.

Positive Developments Boost KNR Constructions Stock - 25 Sep, 2023

KNR Construction Ltd's subsidiary received a letter confirming the financial close of a major highway project in Andhra Pradesh, contributing to a surge in share prices. The company also reported strong quarterly and annual financial results, with a diversified order book and plans for further growth.

KNR Constructions Shares Drop After Financial Closure Intimation - 21 Sep, 2023

KNR Constructions' subsidiary, KNR Ramatheertham Infra, receives letter from NHAI regarding financial closure for a highway project in Andhra Pradesh, causing a 2.55% drop in KNR Constructions' share price.

KNR Constructions Hits New 52-Week High After HDFC MF Buys Shares - 12 Sep, 2023

KNR Constructions Ltd's stock hit a new 52-week high after HDFC Mutual Fund bought 15.5 lakh shares via bulk deal. The company reported a 38% YoY increase in net profit for Q1 FY24.

KNR Constructions Delivers Positive Returns But Lags BSE500 - 01 Sep, 2023

KNR Constructions, along with MCX, ICICI Bank, PVR Inox, The Federal Bank and Ipca Laboratories delivered positive returns for the year but lagged behind BSE500.

Insiders and Institutional Investors Hold Majority Stake in KNR Constructions - 23 Aug, 2023

CEO Kamidi Reddy and other insiders hold a majority stake of 51% in KNR Constructions, with institutional investors also having a fair amount of ownership. The top 3 shareholders have significant influence over the company.

HDFC Securities Picks KNR Constructions as Top Long-Term Pick - 22 Aug, 2023

Deputy Head of Retail Research at HDFC Securities, Devarsh Vakil, selects KNR Constructions as one of his top long-term fundamental picks with a target price of Rs 329.

KNR Constructions Shows Strong Momentum Despite Weak Revenue - 18 Aug, 2023

Despite weak Q1FY24 revenue/EBITDA, KNR Constructions retains guidance for FY2024; no new orders recorded during the quarter.

KNR Constructions Reports Strong Q1 Results - 17 Aug, 2023

KNR Constructions Ltd reported a strong Q1 FY24 with a net profit of Rs 440 crore, up 24% YoY, and a dividend of Rs 0.25 per share. The order book stood at Rs 6,265.30 crore as of June 30, 2023.

KNR Constructions to Announce Quarterly Results Today - 14 Aug, 2023

KNR Constructions Ltd is set to announce its quarterly results today.

KNR Constructions Shows Positive Market Performance - 11 Aug, 2023

KNR Constructions Ltd's market performance is positive as it reaches a 200 SMA of Rs 248.78 and its RSI value increases from 48.83 to 59.25.

Brokerage Firm Suggests Diversification for Road Developers - 05 Aug, 2023

Nuvama Institutional Equities suggests that road developers like KNR Constructions should diversify their projects across different segments to strengthen order books.

KNR Constructions Stock Price Crosses 50-Day SMA - 26 Jul, 2023

KNR Constructions Ltd's stock price witnessed an upswing, crossing the 50-day Simple Moving Average (SMA) at Rs 243.28 and closing at Rs 245.05 on July 25.

KNR Constructions Stock Crosses 200 SMA - 07 Jul, 2023

On July 6, KNR Constructions Ltd's stock closed at Rs 249.85, surpassing its 200-day Simple Moving Average (SMA) of Rs 246.96.

KNR Constructions Ltd Crosses 200 SMA - 05 Jul, 2023

Infrastructure construction company KNR Constructions Ltd crossed its 200 SMA of 247 with a closing price of 247.25 on July 04, 2023.

KNR Constructions Subsidiary Signs Agreement with NHAI - 30 Jun, 2023

Shares of KNR Constructions rose nearly 1.5% after its subsidiary signed an agreement with the National Highways Authority of India for a road project in Karnataka. The company expects to receive orders worth Rs 4,000-5,000 crore in FY24.