KEI Industries nears record high; surges 25% in a week on strong Q4 results

The cable manufacturing company's operating profit in Q4FY19 rose 36 per cent at Rs 138 crore against Rs 101 crore in the year-ago quarter

KEI Industries shares were trading higher for the fifth straight day, up 4 per cent at Rs 486 on the BSE on Friday, after the company reported a strong operational performance in the March quarter (Q4FY19).

The stock was trading close to its all-time high level of Rs 495 touched on May 30, 2018. Thus far in the current week, it has rallied 25 per cent, as compared to a 2.6 per cent rise in the S&P BSE Sensex. In the past three months, it has surged 51 per cent against an 8.5 per cent gain in the benchmark index.