The company made this announcement during market hours today, 18 February 2008.

Meanwhile, BSE Sensex was down 27.30 points or 0.15% to 18,087.95.

On BSE, 690 shares were traded in the counter. The scrip had an average daily volume of 11,794 shares in the past one quarter.

The stock hit a high of Rs 1750 and a low of Rs 1625 so far during the day. The stock had a 52-week high of Rs 2300 on 1 January 2008 and a 52-week low of Rs 494.43 on 5 March 2007.

The mid-cap scrip had underperformed the market over the past one month till 15 February 2008, declining 15.31% compared to the Sensex’s decline of 8.05%. It had also underperformed the market in the past one quarter, declining 10.28% compared to Sensex’s decline of 8.04%.

The company’s current equity is Rs 10.27 crore. Face value per share is Rs 5.

The current price of Rs 1675 discounts its Q3 December 2007 annualized EPS of Rs 49.09, by a PE multiple of 34.12.

The projects are to be executed within 20 months.

BL Kashyap & Sons’ net profit rose 63.8% to Rs 25.21 crore on 71.8% growth in net sales to Rs 405.80 crore in Q3 December 2007 over Q3 December 2006.

The company offers a diversified range of construction and allied services to various corporates. It also undertakes turnkey projects that comprise civil construction, electrical, plumbing, fire fighting, air conditioning and other works.