New orders boost KEC International

KEC International rose 2.62% to Rs 146.95 at 13:17 IST on BSE after the company said it has secured new orders worth Rs 668 crore in its transmission & distribution, cables and renewables (solar) businesses.

The company announced the new orders during market hours today, 7 October 2015.

Meanwhile, the S&P BSE Sensex was up 79.53 points or 0.3% at 27,012.41.

On BSE, so far 1.03 lakh shares were traded in the counter as against average daily volume of 2.37 lakh shares in the past one quarter.

The stock hit a high of Rs 149.45 and a low of Rs 143.25 so far during the day. The stock had hit a 52-week high of Rs 160.95 on 28 July 2015. 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 6 October 2015, surging 11.14% compared with Sensex's 6.87% rise. The scrip had also outperformed the market in past one quarter, gaining 0.7% as against Sensex's 4.52% fall.

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

On a consolidated basis, KEC International's net profit jumped 167.3% to Rs 30.39 crore on 9.7% growth in net sales to Rs 1858.55 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.

Powered by Capital Market - Live News