J.Kumar Infraprojects is a Class I-A Contractor with P.W.D., Government of Maharashtra. The company has got experience of various road works in busy city area, both in concrete pavement and flexible pavements.
The company is involved in earthen dam with gorge filling, Tail channel, Spillways, Canal work, Aqueducts in Irrigation Department (more here).
Birla Sun Life Mutual Fund which held 2,090,204 shares representing 2.76% of the share capital, purchased an additional stake of 613,772 shares or 0.81%. This purchase comes on the day JKI received the Work Order/Letter of Acceptance from Mumbai Metro Rail Corporation worth of Rs. 5,012 Crore for Contract of Mumbai Metro Line 3 (more here).
With this purchase, its new increased stake stands at 2,703,976 shares worth 65.22 crore.
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.
Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.