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Kalpataru Power Transmission jumps after SBI MF hikes stake in company

Kalpataru surged 3.19% to Rs 385.50 after SBI Mutual Fund bought 14.5 lakh equity shares representing 0.9738% of the paid-up share capital on 23 March 2022

March 25, 2022 10:55 IST | capital market
Post transaction, SBI Mutual Fund increased its shareholding to 7.2503% stake from 6.2765% stake held in Kalpataru Power Transmission. The deal was executed in open market.

KPTL is one of the largest specialized EPC companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil infrastructure business. The company reported a nearly 16% fall in consolidated net profit to Rs 259 crore in Q3 FY22 from Rs 308 crore posted in Q3 FY21. Consolidated net sales grew 11% to Rs 3889 crore in Q3 FY22 from Rs 3501 crore posted in Q3 FY21.

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