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low volume is due to the lowprice.At this rate there are buyers and there are no sellers. As the stock goes up there will be traders. now there are no traders because if they sell, they are not sure of getting back the share at low rate.It is in trade to trade and hence no speculators.Buy and hold it is the best stock in this catogory and available at less than 4 p.e. for the current year earning.Available below issue price of 180.Very low debt is another attraction.It can easily double in less than a year.Buy blindly I liked the management when I met them. I bot at 73....
NSE Announcements on KNR Constructio
Posted by :
MMB MessengerKnr Constructions Limited has informed the Exchange vide notes to Accounts in the Un-Audited Financial Results for the quarter ended June 30, 2009 (taken on record by the Board of Directors of the Company at its meeting held on June 30, 2009) regarding the details of Funds raised through Initial Public Offer of 78,74,570 equity shares Rs.13386.77 lakhs. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on KNR Constructio
Posted by : MMB MessengerKNR Constructions Ltd has informed BSE about the Financial Results for the Quarter ended June 30, 2009 ...
NSE Announcements on KNR Constructio
Posted by : MMB MessengerKnr Constructions Limited has informed the Exchange that in the meeting of the Board of Directors of the Company, held on July 30, 2009 the following items were resolved:- 1) Decided to Call for Annual General Meeting on September 09, 2009. 2) Notice, Directors Report, Corporate Governance Report and Management Discussion and Analysis were approved for the AGM. 3) Book Closure was decided from September 04, 2009 to September 09, 2009 (both days inclusive) for the purpose of AGM and Dividend....
Low volume because very low stock in the market.All stocks with long term investors....
But this stock has very low volume... that worries me....Still can i go ahead and buy this. I am ready to hold for 1 year minimum......
Very low institutional holdings. Patel Engineering has 6.91% stake and HDFC mutual fund has around 8% stake. The stock will zoom once institutions get interested. Kamal Nath is making the right noises about infrastructure development. Good stock to buy and hold for 3-4 yrs...
"Infra opportunity is huge-Infra is a multidecadal opportunity"NILESH SHAH,ICICI INFRA FUND.Therefore BUY/INVEST.The price should be atleast Rs96/-(BV 96)on or before 30.7.09(BM date)..refer APSneha`s message for detailed analysis of S.P.Tulsian---SPRAJ...
excellent bet which can touch three digit
Posted by :
APSneha
Her is the full text of
S.P.Tulsian, Investment Advisor
KNR Constructions is an infrastructure development company providing engineering, procurement and construction for roads & highways, irrigation and urban water infrastructure management. Its project break up is over 88% for road transportation engineering projects while remaining 12% is of irrigation and water supply and urban water infrastructure management.
The company has posted good FY09 results with total income at Rs. 648 crores (after deducting share in JV projects, of JV partners, of Rs. 121 crores)against Rs. 476 crores of FY 08, while PAT is placed at Rs. 43.65 crores resulting in an EPS of Rs. 15.52 against Rs. 13.83 crores of FY08.
The present paid up equity of the company is at Rs. 28.12 crores with high promoters stake of 73% with over 10% held by the institutional investors with 17% held by the public. This equity base is backed by free reserves of Rs. 235 crores as at 31-03-09, giving a book value per share of Rs. 94.
The company went public in January 08 and made a public issue of 79 lakh equity share at Rs. 170 per share and mobilized Rs. 135 crores. Due to this, the present debt of the company is quite low at just Rs. 80 crores.
The tax burden of the company is about 33.96% as evident with FY09 results, wherein total tax liability was at Rs. 22.46 crores on PBT of Rs. 66.11 crores. Hence, the recent clarification made by the budget with respect to contracting companies for the benefits available in section 80 IA, is not going to impact the company, as no benefits were availed by the company, under these provisions.
The company has strong presence in Andhra Pradesh and carries a good name of timely completion of projects with quality. With government in place in the State and with the crisis of Maytas Infra, many projects by the state governments may get re-initiated and the company will thus have an advantage to bag them in the near future.
The PAT margin of the company is at 6.75% and PBT margin at over 10% for FY09, which at present is better than its peers and would most likely improve with renewed thrust of the government.
The company has declared 20% dividend for FY09 which looks reasonable considering share price of Rs. 65.
The present order book of the company is at over Rs. 2,000 crores, including its 51% share in 51 : 49 JV of GVR Infra Project, of Rs. 576 crores, of 8 lane expressway projects at Hyderabad
The company has also entered into 2 road BOT projects with minority stake of 40%. Total costs of both these projects are at Rs. 1,050 crores and equity contribution of the company in both these BOT projects are of Rs. 105 crores. Though the contract for construction of these gets reflected in the topline of the company, present value of ownership, does not get properly reflected.
The present market capitalization of the company is quite low at Rs. 180 crores while enterprise value is just at Rs. 260 crores. The value of BOT Projects, of the company share, could be estimated at Rs. 200 crores, as of date. So the core business of the company, comes at very low valuations.
As we have recommended Unity Infra about 4 months back which almost tripled, this share also holds huge potential to rise.
Share ruling at 65, qualifies a safe and excellent bet which can touch three digit by year end with virtually no downward risk.
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as per some analyst KNR will be next Unity Infra...
Fly baby fly into the open sky...
NSE Announcements on KNR Constructio
Posted by : MMB MessengerKnr Constructions Limited has submitted to the Exchange a copy of the disclosure under Regulation 8A(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 for the quarter ended March 31, 2009. Further, the Company has informed the Exchange that the disclosures is made even there are no shares are pledged by the promoters and promoters group and it is to confirm that all the shares held by them are free from all encumbrances excepting some shares held by the promoters are under lock in as SEBI guidelines from the time of IPO. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
Budget very positive for this share....
Dear GF,
It may be this GUEST who is fake. ...
KNR will be big beneficiary of the budget & infra boom in the next decade.Main thrust will be on roads & irrigation,KNR is in both of these.So visualise its growth in coming decade....
