KEC International soars 7% on securing new orders worth of Rs 1,349 crore

Analyst at Reliance Securities said, considering strong revenue visibility backed by healthy order book, earnings momentum with higher margin from Q4FY23 onwards and likely improvement in return ratio

Shares of KEC International rallied 7 per cent to Rs 501 on the BSE in Tuesday’s intra-day trade after the company secured new orders worth of Rs 1,349 crore across its various businesses. With these orders, KEC’s year to date order intake has now surpassed Rs 13,000 crore, a robust growth of around 20 per cent vis-à-vis last year, the company said.

At 09:20 AM; the stock of heavy electrical equipment company traded 5 per cent higher at Rs 490, as compared to 0.12 per cent rise in the S&P BSE Sensex. The trading volumes at the counter jumped