KEI Inds hits record high after strong Q1 results

KEI Industries rose 2.26% to Rs 251.05 at 11:19 IST on BSE after net profit surged 144.8% to Rs 27.47 crore on 43.8% growth in net sales to Rs 790.89 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 29 August 2017.

Meanwhile, the S&P BSE Sensex was up 241.55 points or 0.77% at 31,629.94. The S&P BSE Small-Cap index advanced 232.64 points or 1.49% at 15,888.66.

On the BSE, 1.29 lakh shares were traded on the counter so far as against the average daily volumes of 67,131 shares in the past one quarter. The stock had hit a high of Rs 262.50 so far during the day, which is a record high. The stock hit a low of Rs 249.75 so far during the day. The stock had hit a 52-week low of Rs 99 on 29 September 2016.

The stock had outperformed the market over the past one month till 29 August 2017, advancing 4.78% compared with the Sensex's 2.85% fall. The stock had also outperformed the market over the past one quarter, gaining 15.42% as against the Sensex's 0.9% rise. The scrip had also outperformed the market over the past one year, advancing 107.35% as against the Sensex's 12.49% rise.

The small-cap company has equity capital of Rs 15.56 crore. Face value per share is Rs 2.

KEI Industries is a cable manufacturing company. It offers high and low tension cables, control and instrumentation cables, house wires and stainless steel wires, and high-technology specialty cables.

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