Shares of KNR Constructions extended their gains into third straight day, up 3.1 per cent to Rs 265.2 apiece, on the BSE on Thursday after the company reported healthy June quarter numbers. With today’s gains, shares of the construction and engineering firm have advanced 17 per cent on the BSE in the past three days, as against 0.8 per cent gain in the benchmark S&P BSE Sensex.
The stock, however, erased gains later and settled 1.7 per cent lower at Rs 252.75 per share on the BSE, as against 1 per cent decline in the benchmark S&P BSE Sensex.
On Tuesday, the company reported consolidated net profit of Rs 46.68 crore for the recently concluded quarter, as against profit of Rs 42.89 crore in the year-ago period.
