KEC International gains after winning orders

KEC International rose 1.22% to Rs 410 at 10:20 IST on BSE after the company said it secured new orders worth Rs 1378 crore across its businesses.

The announcement was made before trading hours today, 8 March 2018.

Meanwhile, the S&P BSE Sensex was up 90.60 points, or 0.27% to 33,123.69.

On the BSE, 25,000 shares were traded in the counter so far compared with average daily volumes of 1.14 lakh shares in the past two weeks. The stock had hit a high of Rs 418.70 and a low of Rs 409 so far during the day. The stock hit a 52-week high of Rs 437.95 on 26 February 2018. The stock hit a 52-week low of Rs 160 on 8 March 2017.

 

On a consolidated basis, net profit of KEC International rose 78.55% to Rs 111.77 crore on 25.76% rise in net sales to Rs 2404.94 crore in Q3 December 2017 over Q3 December 2016.

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major.

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