The company said it has launched a qualified placement of shares on Thursday and fixed floor price of Rs 518.14 per share.
The company reported a 50% growth in net profit at Rs 72.54 crore on the back of healthy 21% jump in net sales at Rs 1,314 crore during the quarter
The stock hit a new high of Rs 531, rallied 37% since May 17, 2019, after the company reported a strong operational performance in the March quarter.
In the past nine trading days, KEI Industries outperformed the market by surging 52%, as compared to 3% rise in the S&P BSE Sensex.
In past three trading sessions, the stock rallied 16% after co said new production line is operational
The stock moved higher to its 52-week high of Rs 135, up 9%, extending its Monday's 9% surge on BSE.