KEI Industries rose 1.2% to Rs 122.25 at 10:25 IST on BSE after the company announced that new production line of extra high voltage cables at Chopanki plant would be operational by the end of December 2016.
The company gave an update after market hours yesterday, 6 December 2016.Meanwhile, the S&P BSE Sensex was up 29.51 points or 0.11% at 26,422.27.
On the BSE, 11,249 shares were traded in the counter so far as against average daily volume of 51,712 shares in the past one quarter.
The stock had hit a high of Rs 124.90 and a low of Rs 122.15 so far during the day. The stock had hit a 52-week high of Rs 139.50 on 10 November 2016. The stock had hit a 52-week low of Rs 86 on 29 February 2016. The stock had outperformed the market over the past one month till 6 December 2016, rising 5.59% compared with the Sensex's 3.23% fall. The scrip had also outperformed the market in past one quarter, gaining 4.95% as against the Sensex's 8.92% fall.
The small-cap company has equity capital of Rs 15.56 crore. Face value per share is Rs 2.
KEI Industries had earlier announced capex/expansion at Chopanki plant in Rajasthan.
KEI Industries' net profit rose 49.1% to Rs 22.90 crore on 2.1% growth in net sales to Rs 620.65 crore in Q2 September 2016 over Q2 September 2015.
KEI Industries is a leading player in the wires and cables industry.
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