New orders boost KEC International

KEC International rose 5.63% to Rs 113.60 at 14:15 IST on BSE after the company said it has secured new orders of Rs 1002 crore in its transmission & distribution, railways and cables businesses.

The company announced the new orders during market hours today, 9 June 2015.

Meanwhile, the S&P BSE Sensex was up 13.34 points or 0.05% at 26,536.43.

On BSE, so far 3.06 lakh shares were traded in the counter as against average daily volume of 3.24 lakh shares in the past one quarter.

The stock hit a high of Rs 114.55 and a low of Rs 106.30 so far during the day. The stock had hit a 52-week high of Rs 153 on 8 July 2014. The stock had 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 8 June 2015, surging 8.64% compared with Sensex's 2.15% fall. The scrip had also outperformed the market in past one quarter, jumping 21.32% as against Sensex's 9.94% fall.

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

On consolidated basis, KEC International's net profit rose 83.1% to Rs 62.89 crore on 16.2% growth in net sales to Rs 2490.87 crore in Q4 March 2015 over Q March 2014.

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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