Shares of J Kumar Infraprojects (JKIL) hit a four-year high of Rs 299.50, on rallying 7 per cent on the BSE in Friday’s weak market on the back of a strong business outlook. The stock was trading at its highest level since April 2018. In comparison, at 11:31 am, the Sensex was down 1.5 per cent at 54,500 points.
In the past 12 trading days, the stock of the civil construction company has zoomed 38 per cent after its profit after tax (PAT) more than doubled to Rs 74 crore in March quarter (Q4FY22), on the back of healthy operational performance. The company had posted net profit of Rs 33 crore in the year ago quarter.
