KEC International Shares Hit 52-Week High, Up 14%
By Rediff Money Desk, NEWDELHI Apr 04, 2024 11:31
KEC International shares surged 14% after the company secured new orders worth Rs 816 crore across its businesses. The stock hit a 52-week high on the NSE and BSE.
![KEC International Shares Hit 52-Week High, Up 14%](https://im.rediff.com/news/2024/jun/03bse.jpg)
Photograph: ANI Photo
New Delhi, Apr 4 (PTI) Shares of KEC International rallied 14 per cent in the morning session on Thursday after the company said it bagged orders worth Rs 816 crore across its various businesses.
The stock of the infrastructure EPC major surged 13.85 per cent to Rs 829.65 apiece on the NSE.
On the BSE, shares of the company zoomed 13.51 per cent to Rs 827 apiece.
In the intraday trade, the scrip of KEC International hit its 52-week high of Rs 838.85 and 838.25 apiece on the NSE and BSE, respectively.
Meanwhile, the 30-share BSE Sensex benchmark declined 223.88 points or 0.30 per cent to 73,652.94. The broader Nifty fell 82.70 points or 0.37 per cent to 22,351.95.
On Wednesday, Infrastructure EPC major KEC International said it has secured new orders worth Rs 816 crore across its various businesses.
Its civil business has secured orders for infrastructure projects in India, including setting up a steel plant in North India, building a cement plant in Central India, and setting up a plant for carbon derivates in East India, the company said in a regulatory filing.
The company's Transmission and Distribution (T&D) business has secured orders for supply of towers in the US, while the cable business has been tasked to supply various types of cables in Indian and overseas markets, it added.
Mumbai-headquartered KEC International is the flagship company of the RPG Group.
The stock of the infrastructure EPC major surged 13.85 per cent to Rs 829.65 apiece on the NSE.
On the BSE, shares of the company zoomed 13.51 per cent to Rs 827 apiece.
In the intraday trade, the scrip of KEC International hit its 52-week high of Rs 838.85 and 838.25 apiece on the NSE and BSE, respectively.
Meanwhile, the 30-share BSE Sensex benchmark declined 223.88 points or 0.30 per cent to 73,652.94. The broader Nifty fell 82.70 points or 0.37 per cent to 22,351.95.
On Wednesday, Infrastructure EPC major KEC International said it has secured new orders worth Rs 816 crore across its various businesses.
Its civil business has secured orders for infrastructure projects in India, including setting up a steel plant in North India, building a cement plant in Central India, and setting up a plant for carbon derivates in East India, the company said in a regulatory filing.
The company's Transmission and Distribution (T&D) business has secured orders for supply of towers in the US, while the cable business has been tasked to supply various types of cables in Indian and overseas markets, it added.
Mumbai-headquartered KEC International is the flagship company of the RPG Group.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...