STOCK IN FOCUS
* KNR Constructions (KNRC) surged ~3% in Friday’s trade.
* KNRC’s order book at Rs45.8bn, which is ~3.9x TTM revenue, lends sound visibility of future growth.
* It secured orders over Rs18.0bn in FY17E till date. Further, 93% of its total order book accounts from government, which mitigates payment default