KSB surges on securing letter of award worth RS 25.34 crore
KSB is currently trading at Rs. 797.55, up by 21.05 points or 2.71% from its previous closing of Rs. 776.50 on the BSE.
The scrip opened at Rs. 780.00 and has touched a high and low of Rs. 801.40 and Rs. 780.00 respectively. So far 1436 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1057.54 on 15-Jul-2024 and a 52 week low of Rs. 585.00 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 840.00 and Rs. 758.05 respectively. The current market cap of the company is Rs. 13862.22 crore.
The promoters holding in the company stood at 69.80%, while Institutions and Non-Institutions held 15.93% and 14.28% respectively.
KSB has received letter of award (LoA) under PM-Kusum Scheme under Component B of around Rs 25.34 crore for 1161 solar water pumping systems from New & Renewable Energy Department Haryana & HAREDA. The sales/ supply of products/ services for these orders is expected from Q2FY2025.
KSB is one of the world’s leading manufacturers of pumps and industrial valves.
