KNR Const shares closed at Rs.154 as against offer price of Rs.170

Thebullishtrends: KNR Construction shares listed today in stock exchanges at Rs.180 the share price touched Rs.199 and low level of Rs.151.15. KNR Constructions earlier last month came to IPO market with a price band of Rs.170-180. The current price of Rs.154.35 discounts its six month ended September'07 annulised EPS of Rs.9.60, by a PE multiple of Rs.16.07.

KNR Constructions is a leading infrastructure company involved in construction of Roads and maintainance, and also in the construction of irrigation and urban water supply projects.

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