KNR Constructions dips 4%, hits 52-week low on margin concerns

As on March 31, 2022, the company has an order book position of Rs 9,001 crore. With this, KNR has targeted further order book inflow of Rs 4,000 to Rs 5,000 crore for the year FY23.

Shares of KNR Constructions hit 52-week low of Rs 207.80, down 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise a firm market on margin concerns due to higher commodities prices.

So far in June, the stock of civil construction company fell 20 per cent despite a strong performance in January-March quarter (Q4FY22). In comparison, the S&P BSE Sensex was down 6 per cent, during the same period.

The company recorded 11 per cent year-on-year (YoY) growth in total revenue from Rs 991 crore in Q4FY21 to Rs 1,102 crore in Q4FY22. Meanwhile, EBITDA