Market Performance
The KNR Constructions share price grabbed attention in the stock market today as the stock surged sharply during Friday’s trading session. The counter climbed as much as 6.12%, touching an intraday high of ₹181.49 on the back of a key corporate announcement.
The stock opened strong at ₹183.91, compared with its previous close of ₹171.02 on Wednesday, reflecting renewed interest from market participants following the company’s latest exchange filing.
Over the last five trading sessions, the stock has rallied nearly 26%, indicating short-term momentum. However, the broader trend remains mixed when viewed over longer periods.
Main News: Indus Infra Trust Deal Lifts Sentiment
The rally in KNR Constructions share price came after the company confirmed the execution of Share Purchase Agreements (SPAs) with Indus Infra Trust.
In an exchange filing dated December 25, KNR Constructions said it has signed SPAs on December 24, 2025, for the proposed divestment of its entire shareholding, including sub-debt, in four highway special purpose vehicles (SPVs).
This development improved sentiment around the stock in the stock market today, as the agreement outlines a significant capital transaction for the company.
Key points from the exchange filing:
- SPAs signed between KNR Constructions Limited (Seller) and Indus Infra Trust (Purchaser)
- Sale involves 100% shareholding, along with sub-debt
- Transaction covers four highway SPVs
- Agreements executed on December 24, 2025
Company Details: SPVs and Deal Structure
The four special purpose vehicles involved in the transaction are:
- KNR Palani Infra Private Limited
- KNR Ramagiri Infra Private Limited
- KNR Guruvayur Infra Private Limited
- KNR Ramanattukara Infra Private Limited
According to the filing, KNR Constructions proposed to invest ₹566.83 crore through a combination of equity and sub-debt in these SPVs. In exchange, the company expects to receive an aggregate consideration of ₹1,543.19 crore upon completion of the transaction.
The divestment is subject to:
- Necessary approvals from relevant authorities
- Consent from lenders
- Compliance with the Concession Agreement
The company said the divestment process is likely to be completed by September 30, 2026, subject to the required approvals.
Financial Snapshot: Q2 FY26 Performance
Alongside corporate developments, the company’s recent financial performance remains an important backdrop for the KNR Constructions share price.
For the quarter ended September 30, 2025 (Q2 FY26):
- Net Profit: ₹104.65 crore
- Down 76.3% YoY from ₹441.47 crore
- Revenue from Operations: ₹646.5 crore
- Declined 66.8% YoY from ₹1,944.8 crore
- EBITDA: ₹192.82 crore
- Fell 77.8% YoY compared with ₹869.89 crore last year
The decline was attributed to slower project execution and the absence of one-off income recorded in the previous year.
KNR Constructions Share Price Trend
While the stock showed strength in the stock market today, the longer-term trend has been under pressure.
- Last 5 trading sessions: Up around 26%
- Last 6 months: Down 21%
- Last 1 year: Down 43%
On the exchanges:
- 52-week high: ₹356.70 (January 6)
- 52-week low: ₹141.30 (December 18)
The stock is listed on both BSE and NSE.
Summary
The KNR Constructions share price rose strongly in the stock market today after the company announced the execution of share purchase agreements with Indus Infra Trust. The deal involves the complete divestment of KNR’s stake, including sub-debt, in four highway SPVs, with an expected consideration of over ₹1,500 crore, subject to approvals.
While the development supported short-term sentiment and pushed the stock higher, recent quarterly financials and longer-term price trends continue to shape the broader market view. For now, the stock remains in focus as investors track the progress and completion timeline of the proposed divestment.
Source: Livemint
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