J Kumar Infra gains 3%, hits 52-week high on solid Q4 results
Shares of J Kumar Infraprojects (JKIL) hit a 52-week high of Rs 254, up 3 per cent on the BSE in Tuesday’s trade in an otherwise weak market. The surge comes after the company’s profit after tax (PAT) more than doubled to Rs 74 crore in March quarter (Q4FY22), on back of healthy operational performance. The civil construction company had posted profit of Rs 33 crore in a year ago quarter.
The stock surpassed its previous high of Rs 250.75 that it had touched on May 4, 2022. In the past three months, it zoomed 55 per cent, as compared to 1 per cent decline in the S&P BSE Sensex. At 09:46 am; JKIL traded 1 per cent higher at Rs 249, against 0.7 per cent decline in the benchmark index.
