Page 5 - Knr Constructions News Today

Improved execution of road projects in India is expected to benefit construction companies, especially KNR Constructions and PNC Infratech with their superior execution capabilities. The combined construction of roads by NHAI and MoRTH improved to 6,684 km in Jan-May 2023 from the previous year. If the present momentum in road construction continues, analysts predict that the average length of roads constructed per day will jump to 33 km in FY24.

Motilal Oswal is bullish on KNR Constructions recommended buy rating on the stock with a target price of Rs 320 in its research report dated May 30, 2023.

Stocks to buy today: Stock brokerages recently came out with research reports on select stocks namely Oberoi Realty, Navin Fluorine, KNR Constructions and Uno Minda. These four stocks have received Buy ratings from individual brokerage firms. Watch this Business Today Visual Story to see what broking firms said about these stocks.

The share of roads segment in the total infrastructure projects awarded by the government improved to 29.2% in the first seven months of 2021 from 15.3% in the year-ago period. This reflects the governments increasing thrust on road development.

The share of roads segment in the total infrastructure projects awarded by the government improved to 29.2% in the first seven months of 2021 from 15.3% in the year-ago period. This reflects the governments increasing thrust on road development.

Brokers call: KNR Constructions (Buy) | Updated on CMP: ₹233.90 KNR Constructions has reported strong earnings which beat estimates driven by strong execution. Adjusted PAT grew 43.3 per cent y-o-y to ₹96.30 crore (estimate: ₹77.6 crore) and reported PAT after prior period taxes grew 14.5 per cent y-o-y to ₹77 crore. Order backlog including new HAM projects is robust at ₹11,400 crore (4.2x TTM revenue) and gives strong growth visibility. Management guidance on FY22 execution and marg...

ICICI Direct has a buy call on KNR Constructions with a target price of Rs 270 for a time frame of 12 months. The current market price of KNR Constructions is Rs 233.35.

KNR Constructions rose 1.91% to Rs 221.50 after the companys consolidated net profit jumped 16.9% to Rs 87.26 crore on 35.7% increase in net sales to Rs 990.52 crore in Q4 March 2021 over Q4 March 2020. Profit before tax grew 70.1% to Rs 158.76 crore in Q4 FY21 as against Rs 93.35 crore in Q4 FY20. The net profit climbed 53.52% to Rs 375.40 crore on 18.43% increase in revenue from operations to Rs 2,903.63 crore in FY 2021 over FY 2020. Meanwhile, the board has recommended a final dividend of...

Read more about KNR Constructions consolidated net profit rises 23.50% in the March 2021 quarter on Business Standard. Sales rise 35.66% to Rs 990.52 crore

COIMBATORE: Police on Monday arrested six men for stealing construction material on Trichy Road in the city. According to the Ramanthapuram police, the six accused were identified as Kabarkhan, 33, from Kottaipudur; A Sharukhan, 23, from Podanur; M Abdul Kadar alias Rohit, 28, from Kottaipudur; B Peer Mohammad, 23, from Ukkadam; S Mohammed Thariq, 20, from Kottaimedu; and M Balamurugan, 20, from Pullukadu near Ukkadam. They were arrested based on a complaint filed by the public relations offi...