Multibagger KSB announces 1:5 stock split

The expected time for the completion of the is approximately within three months from the date of approval by the members of the company and subject to completion of the necessary formalities.

KSB on Friday reported a 9% year-on-year (YoY) increase in net profit to Rs 44.6 crore for the quarter ended March 2024, compared to Rs 40.9 crore in the corresponding period a year ago.

The company's operating revenue saw an 8% YoY growth, reaching Rs 544.2 crores for the quarter ended March 2024, up from Rs 489.6 crores reported in the same quarter of the previous year. Meanwhile, total expenses increased by 11.7% to Rs 497.1 crore in Q4FY24 from Rs 444.9 crore in Q4FY23.

The company's earnings per share (EPS) surged to Rs 12.82 in Q4FY24 from Rs 11.76 in Q4FY23.

Shares of KSB closed at Rs 4,678 in Friday's trade, marking a 5.12% decline.

KSB's stock has delivered significant returns to its investors, rallying by 110% in the last one year, 250% in the past two years, and over 440% in the last three years.

Technically, the stock's day RSI (14) is at 82.7. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 189.8, which is above its center and signal line, this is a bullish indicator.

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