BL Kashyap and Sons, with a market cap of Rs.800 crore, opened 3% higher at Rs.36 and rose further t0 Rs.36.95, tantalizingly close to its 52-week high of Rs.38.30.
The stock price rose on news that the company has secured a new order aggregating to Rs.141 crore from National High Speed Rail Corporation Limited. This is for construction of training institute buildings at Vadodara. The project delivery time is 24 months.
Three weeks ago, the company had won an order worth approximately Rs 313 crore from the Railways Land Development Authority. This was for the development of the Bijwasan Railway Station in New Delhi, to be completed in around 15 months.