KBC Global Ltd (formerly Karda Construction Ltd), a key player in real estate and construction, recently garnered attention after raising around ₹99.50 crore via preferential warrants. This capital boost, backed by major investors like Patanjali Food and Herbal Park and Falcone Peak Fund, has fueled a rally in the company’s stock.
In September, KBC Global share price surged by 22%, with an additional 5% gain in October. Despite market volatility, the stock has maintained high trading volumes, hitting record levels since listing. After reaching a multi-month high, the stock underwent a minor correction, finding firm support at the 100-day Exponential Moving Average (DEMA). This technical level, backed by a bullish candle pattern, underscores strong buying interest and highlights the stock’s respect for technical indicators.
Expanding into International Markets and New Domestic Projects
KBC Global Ltd is expanding its footprint with a strategic Memorandum of Understanding (MoU) with the Liberia Special Economic Zone Authority to develop residential and commercial projects, valued at approximately $12.5 million, expected to launch by Q2 2025. This international venture marks a significant milestone in KBC Global’s global expansion plans.
In addition to its international focus, KBC Global’s subsidiary, Karda International Infrastructure Ltd, secured a $20 million contract from CRJE (East Africa) Ltd, a well-known affiliate of the China Railway Construction Group. This contract strengthens KBC Global’s presence in Africa’s construction market.
Domestically, KBC Global has initiated a new mixed-use project in Deolali, Nashik, spanning 31,998 sq ft, which further enhances the company’s development pipeline and reaffirms its growth ambitions in India.
Technical Resilience and Future Potential
KBC Global Ltd’s stock has demonstrated resilience, with positive momentum and support at key technical levels, particularly the 100-DEMA. High trading volumes indicate sustained investor interest, suggesting the potential for further growth. For investors, this penny stock offers a unique opportunity due to its robust technical support, substantial funding, and expanding international project portfolio.
Future Outlook: Is Momentum Here to Stay?
With solid technical backing and ambitious projects both domestically and internationally, KBC Global Ltd is well-positioned for a promising future. The recent inflow of funds and the stock’s technical strength may pave the way for sustainable momentum and growth.
