KEC International hits upper circuit on new orders

DALAL STREET SPIKES

KEC International was locked in the 10 per cent upper circuit to close the day at Rs 130.75 after receiving three orders worth Rs 235 crore. The company made the announcement of orders on Monday after market hours.

The orders are from Afghanistan’s energy and water ministry, Power Grid Corporation of India and the Chhattisgarh State Electricity Board. a total of 672,817 shares (close to its two-week average) changed hands recording a delivery volume of 96 per cent. The stock touched a 52-week high of Rs 922 on November 8 and a low of Rs 112.90 on October 31.