KEC International gains after new order win

KEC International rose 2.81% to Rs 139 at 10:23 IST on BSE after the company said it has secured new orders worth Rs 1224 crore.

The announcement was made after market hours yesterday, 31 August 2016.

Meanwhile, the S&P BSE Sensex was up 25.01 points or 0.09% at 28,477.18

On BSE, so far 2.06 lakh shares were traded in the counter as against average daily volume of 69,690 shares in the past one quarter. The stock hit a high of Rs 145.50 and a low of Rs 138.35 so far during the day. The stock had hit a 52-week high of Rs 164.75 on 24 November 2015. The stock had hit a 52-week low of Rs 97.45 on 12 February 2016. The stock had underperformed the market over the past 30 days till 31 August 2016, falling 6.76% compared with Sensex's 1.68% rise. The scrip had also underperformed the market in past one quarter, declining 1.85% as against Sensex's 5.99% rise.

The mid-cap company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.

KEC International's transmission & distribution business secured orders worth Rs 805 crore. The company's cables business received orders worth Rs 171 crore and railway business secured orders worth Rs 248 crore.

KEC International's consolidated net profit rose 83.01% to Rs 30.91 crore on 7.04% fall in net sales to Rs 1727.01 crore in Q1 June 2016 over Q1 June 2015.

KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, cables, railways, water and renewables.

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