Kalpataru Power's Rally Continues On Securing New Orders

Stock of Kalpataru Power Transmission Limited (KPTL) is buzzing on bourses, and is up by over 3%, as the company, on Wednesday, during market hours has announced that it has secured new orders worth Rs 1200 crore.

The stock was up nearly 7% in Wednesday’s trade as the company announced the securing of orders, and today it has extended its rally hitting its 52-week high at Rs 319.90.

The Company has received an order from Transmission Corporation of Telangana Limited (TSTRANSCO), worth Rs 402 crore, in Hyderabad, and the second project includes a JV consortium of KPTL, JMC and STS, worth Rs 464 crore.

Whereas, the third one is worth Rs 336 crore in Abu Dhabi for transmission line turnkey project. Kalpataru Power Transmission Ltd is currently trading at Rs 309.15, down by Rs 0.25 or 0.08% from its previous closing of Rs 309.4 on the BSE.

The scrip opened at Rs 314.25 and has touched a high and low of Rs 319.9 and Rs 308.45 respectively. So far 113745(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4748.07 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 314.95 on 29-Mar-2017 and a 52 week low of Rs 197 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs 314.95 and Rs 280.15 respectively. The promoters holding in the company stood at 59.45 % while Institutions and Non-Institutions held 27.75 % and 12.8 % respectively. The stock is currently trading above its 50 DMA.

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