Kinetic Engineering hit a 5 per cent upper circuit to Rs 55.65 on bagging an order from an European automobile manufacturer. The order requires it to supply specialised transmission gear assemblies. The project is expected to be implemented over the next 12-15 months.
It is likely to contribute Rs 30-40 crore annually in revenues. The above announcement came after the market closure on Wednesday. The scrip made a 52-week high of Rs 121.7 on July 31, 2008 and a low of Rs 28.2 on November 21, 2008.
