KEI Inds hits 52-week high after strong Q1 earnings

KEI Industries surged 5.06% to Rs 116.30 at 11:14 IST on BSE after net profit jumped 229.6% to Rs 11.70 crore on 31.8% growth in net sales to Rs 514.55 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced after market hours yesterday, 6 August 2015.

Meanwhile, the S&P BSE Sensex was down 3.86 points or 0.01% at 28,294.27.

On BSE, so far 4.15 lakh shares were traded in the counter as against average daily volume of 2.17 lakh shares over the past one quarter.

The stock hit a high of Rs 117.90 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 112.70 so far during the day. The stock had hit a 52-week low of Rs 29.05 on 26 August 2014.

 

The stock had outperformed the market over the past one month till 6 August 2015, surging 45.09% compared with Sensex's 0.32% rise. The scrip had also outperformed the market in past one quarter, jumping 68.37% as against Sensex's 5.92% rise.

The small-cap company has equity capital of Rs 15.45 crore. Face value per share is Rs 2.

KEI Industries is a leading player in the wires and cables industry.

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