J Kumar Infraprojects Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

The domestic equity benchmarks traded with moderate gains in the mid-afternoon trade. The Nifty scaled above the 22,100 level after hitting the day’s low of 21,916.55 in mid-morning trade. Auto shares advanced after declining in the past trading session.

At 14:27 IST, the barometer index, the S&P BSE Sensex was up 305.55 points or 0.42% to 72,943.36. The Nifty 50 index added 84.85 or 0.40% to 22,111.30.

In the broader market, the S&P BSE Mid-Cap index added 0.14% and the S&P BSE Small-Cap index rose 0.07%.

The market breadth was positive. On the BSE, 2,055 shares rose and 1,815 shares fell. A total of 133 shares were unchanged.

Buzzing Index:

The Nifty Auto index rose 0.87% to 20,368.20. The index declined 1.57% in the past trading session.

Sona BLW Precision Forgings (up 3.72%), Mahindra & Mahindra (up 2.76%), Bajaj Auto (up 2%), Tata Motors (up 2%), Samvardhana Motherson International (up 1.3%), Bosch (up 1.03%), Maruti Suzuki India (up 0.26%) and Ashok Leyland (up 0.03%) advanced.

On the other hand, MRF (down 3.09%), TVS Motor Company (down 2.44%) and Tube Investments of India (down 1.33%) declined.

Numbers to Track:

The yield on India's 10-year benchmark federal paper was up 0.28% to 7.082 as compared with the previous close of 7.062.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 82.9125, compared with its close of 82.8675 during the previous trading session.

MCX Gold futures for 5 April 2024 settlement shed 0.18% to Rs 65,421.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.03% to 103.40.

The United States 10-year bond yield rose 0.7% to 4.307.

In the commodities market, Brent crude for May 2024 settlement added 78 cents or 0.91% to $86.12 a barrel.

Stocks in spotlight:

J.Kumar Infraprojects shed 0.58%. The company said that it has received a letter of award (LOA) for a Delhi-based project worth Rs 334.25 crore from NBCC (India).

Housing & Urban Development Corporation (HUDCO) slipped 3.53%. The company said that the board will meet on Wednesday, 20 March 2024, to consider a proposal to raise funds and also to increase the overall borrowing limit.

Gensol Engineering was locked in 5% upper circuit at Rs 800.10 after the company has successfully completed 160 megawatt (MW) ground-mounted solar projects for Continuum Green Energy in Bhavnagar, Gujarat.

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The project involves development of Hari Nagar Depot of Delhi Transport Corporation (DTC) in Delhi at Hari Nagar, New Delhi, on EPC basis. The contract price will be adjusted prospectively for any increase / decrease in GST rate on works contract as notified by Government of India.

The project has to be executed within a period of 24 months.

J. Kumar Infraprojects operates as a civil engineering and infrastructure development company. The Company focuses on the development of roads, flyovers, bridges, railway buildings, sports complexes and airport runways.

The company's standalone net profit grew by 16.3% to Rs 82.64 crore on 14.7% jump in revenue from operations to Rs 1,218.73 crore in Q3 FY24 as compared with Q3 FY23.

The scrip shed 0.83% to currently trade at Rs 592.10 on the BSE.

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J Kumar Infraprojects is in receipt of LOA in the capacity of sole bidder, from NBCC (India) for the work of “Development of Hari Nagar Depot of Delhi Transport Corporation (DTC) in Delhi at Hari Nagar, New Delhi on EPC basis for the total contract value of Rs. 334.25 crore which is inclusive of all taxes, duties, cess, statutory levies. The contract Price will be adjusted prospectively for any increase / decrease in GST rate on Works Contract as notified by Government of India.

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J Kumar Infraprojects has received LoA in the capacity of sole bidder, from CIDCO for the work of “Design and Construction of Coastal Road from CH 2900 to CH 5800 (MTHL Junction) at Ulwe, Navi Mumbai” for the total contract cost amounting to Rs. 912.28 crore.

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