KEC International shares: KEC International’s stock climbed 7.32% to reach Rs 675 from the previous closing value of Rs 628.05 on the BSE. The market capitalization of KEC International increased to Rs 17,255 crore. Today on the BSE, a total of 0.41 lakh shares of the company were traded, resulting in a turnover of Rs 2.71 crore.
In short
- Today on the BSE, a total of 0.41 lakh shares of the company were traded, resulting in a turnover of Rs 2.71 crore.
- During the corresponding period, revenue from operations increased by 14.4 percent year-on-year, reaching Rs 5,006.72 crore.
- In the December quarter, EBITDA surged by 54 percent, and EBITDA margins widened by 160 basis points to 6.2 percent compared to the same period last year.
KEC International shares
RPG Group company KEC International Ltd witnessed a more than 7% increase in its shares during early trading today following the release of its quarterly earnings for December 2023. KEC stock rose by 7.32% to Rs 675 from the previous day’s close of Rs 628.05 on the BSE. The company saw a turnover of Rs 2.71 crore as 0.41 lakh shares changed hands on the BSE. KEC International’s market capitalization also climbed to Rs 17,255 crore. The company recorded a net profit of Rs 96.87 crore for the quarter ending December FY24, marking a remarkable 450 percent increase compared to the same period a year ago.
During the corresponding period, revenue from operations increased by 14.4 percent year-on-year, reaching Rs 5,006.72 crore. In the December quarter, EBITDA surged by 54 percent, and EBITDA margins widened by 160 basis points to 6.2 percent compared to the same period last year. KEC International shares exhibit low volatility throughout the year, as indicated by their beta of 0.3. From a technical perspective, the KEC International stock has a relative strength index (RSI) of 59.2, indicating that it is currently trading neither in the overbought nor in the oversold zone.
KEC International shares rise after Q3 profit surges 450%; check details.
The stock is above its 5-day, 10-day, 20-day, and 200-day moving averages but below the 30-day, 50-day, and 100-day moving averages. It reached a 52-week high of Rs 739 on September 13, 2023, and a 52-week low of Rs 437.95 on February 1, 2023. Over the past year, the stock has witnessed an increase of 47.03%, and from the beginning of the current year, it has recorded a rise of 10.64%. On January 29, the company announced that it had secured new orders totaling Rs 1,304 crore across its diverse business segments.
“We are pleased with the recent order wins, especially the prestigious ones from PGCIL, which have substantially strengthened our India T&D order book. Including these orders, our year-to-date order intake now amounts to Rs 13,000 crore,” stated Vimal Kejriwal, MD & CEO of KEC International.
KEC International Limited serves as the flagship company of the RPG Group and is based in Mumbai. The firm is involved in engineering, procurement, and construction (EPC) activities, operating across significant sectors, including power transmission & distribution, railways, civil engineering, solar projects, smart infrastructure, and cables.
