New orders boot KEC International

KEC International rose 2.63% to Rs 56.60 at 12:36 IST on BSE after the company said it has secured orders worth Rs 1215 crore in its transmission and cables businesses.

The company announced the orders during trading hours today, 16 January 2014.

Meanwhile, the S&P BSE Sensex was down 66.82 points or 0.31% at 21,222.67.

On BSE, so far 2.09 lakh shares were traded in the counter as against average daily volume of 1.04 lakh shares in the past one quarter.

The stock hit a high of Rs 58.70 and a low of Rs 55.40 so far during the day. The stock had hit a 52-week high of Rs 70.50 on 15 January 2013. The stock had hit a 52-week low of Rs 23.25 on 4 September 2013.

The stock had outperformed the market over the past one month till 15 January 2014, advancing 13.13% compared with the Sensex's 2.77% rise. The scrip had also outperformed the market in past one quarter, galloping 77.9% as against Sensex's 3.61% rise.

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

KEC International said it has secured orders worth Rs 1148 crore in its transmission business from Saudi Arabia, Americas, Bhutan, Nepal and India.

In cables business, the company has secured orders for the supply of power and telecom cables. The total value of these orders is Rs 67 crore, KEC International said in a statement.

KEC International's consolidated net profit surged 34% to Rs 22.09 crore on 6.3% growth in net sales to Rs 1744 crore in Q2 September 2013 over Q2 September 2012.

KEC International is a global infrastructure engineering, procurement and construction (EPC) company. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 50 countries across Africa, Americas, Central Asia, Middle East, South Asia and South East Asia. It is the flagship company of the RPG Group.

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