The company made this announcement during trading hours today, 31 March 2008.

Meanwhile, the BSE Sensex was down 797.16 points, or 4.87%, to 15,574.13 on negative cues from the global markets. US stocks fell on Friday, 28 March 2008, as a profit warning from US department store chain J.C. Penney raised concerns about slowing consumer spending while persistent worries about credit-related problems throttled financial stocks. A prominent analyst warned that earnings would not support current dividend payouts in 2008 at Citigroup, Wachovia Corp and other US banks.

On BSE, 8,926 shares were traded in the counter. The scrip had an average daily volume of 11,595 shares in the past one quarter.

The stock hit a high of Rs 1670 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 540.03 on 2 April 2007.

The mid-cap scrip had outperformed the market over the past one month till 28 March 2008, declining 2.17% compared to the Sensex’s fall of 8.15%. It had also outperformed the market in the past one quarter, declining 11.68% compared to Sensex’s decline of 18.98%.

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

The current price of Rs 1648.95 discounts its Q3 December 2007 annualized EPS of Rs 49.09, by a PE multiple of 33.59.

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.