Consecutive 4th week in green, JKIL is again up 4.24 per cent on June 8

Consecutive 4th week in green, JKIL is again up 4.24 per cent on June 8

by 5paisa Research Team Last Updated: 2022-06-08T16:09:21+05:30

J Kumar Infra Ltd is one of the top gainers in BSE's group 'A'.

Market is trading slightly in red on June 8 2022. At day's close, S&P BSE Sensex is 0.39 per cent down at 54892.49. RBI Governor's commentary over inflation persisting until third quarter for FY23 was slightly negative for the market. However, interest rate hike by 0.5 per cent, expected FY23 GDP growth, and no increase in CRR outcome were in line with the market expectations which helped the market to avoid further fall in today's trade.

However, regardless of weak market action, one small cap stock having business in civil construction sector is trading strong with 4 consecutive weekly green candles.

This stock is J Kumar Infra Ltd. The stock is trading comfortably above its previous 52-week high, made in May 2022. The stock made a new 52-week high on June 8 2022 to touch a price of Rs 274.9.

Market sentiment is positive for the stock on back of a strong Q4 results, strong order book visibility, and government's focus for urban mobility. The company reported a YOY revenue growth of 12 per cent. The company maintained its operating margin at 14 per cent for the fourth consecutive quarters.  A significant YOY 52 per cent increase in EBITDA was recorded at Rs 159 crore. Q4 FY22 PAT of Rs 204 crore was more than 3 times the PAT recorded in Q4 of last fiscal. The company also has a strong order book worth Rs 11,900 crore. Governments focus on ease of financing for urban development projects is also helping the stock to remain strong.

J Kumar Infra Ltd. (JKIL) is engaged in the business of execution of infrastructure projects contracts including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work. The company belongs to BSE's group 'A' and has a market capitalization of Rs 2,039 crore. The stock is trading at 9.41x PE. At day's close, the stock is trading at Rs. 267 was the last time where the stock was trading at these levels.

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