KEC International jumps after winning orders

KEC International rose 3.20% to Rs 151.80 at 9:34 IST on BSE after the company said it secured new orders worth Rs 838 crore in its transmission & distribution and cables businesses.

The announcement was made after market hours yesterday, 11 August 2015.

Meanwhile, the BSE Sensex was down 168.58 points, or 0.60%, to 27,697.51.

On BSE, so far 1.29 lakh shares were traded in the counter, compared with an average volume of 4.18 lakh shares in the past one quarter.

The stock hit a high of Rs 155 and a low of Rs 151.45 so far during the day. The stock hit a 52-week high of Rs 160.95 on 28 July 2015. The stock hit a 52-week low of Rs 71.95 on 26 March 2015.

The stock had outperformed the market over the past one month till 11 August 2015, rising 3.99% compared with 0.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 47.91% as against Sensex's 1.30% rise.

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

In transmission & distribution business, KEC International secured orders worth Rs 778 crore in India, Bhutan and America.

In cables business, the company secured orders worth Rs 60 crore for supply of power and telecom cables.

On a consolidated basis, KEC International's net profit jumped 167.3% to Rs 30.39 crore on 9.2% rise in total income to Rs 1881.16 crore in Q1 June 2015 over Q1 June 2014.

KEC International is a global infrastructure engineering, procurement & construction (EPC) major with presence across power transmission, power systems, cables, railways, telecom and water space.

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