KEI Industries surged 4.67% to Rs 244.10 at 14:39 IST on BSE, with the stock extending recent strong gains.
Meanwhile, the S&P BSE Sensex was up 171.24 points, or 0.54% at 31,767.30. The S&P BSE Small-Cap index was up 157.81 points, or 1.01% at 15,804.41.
On the BSE, 66,000 shares were traded on the counter so far as against the average daily volumes of 66,457 shares in the past one quarter. The stock had hit a high of Rs 246.15 and a low of Rs 235.20 so far during the day. The stock had hit a record high of Rs 248.85 on 13 July 2017 and a 52-week low of Rs 99 on 29 September 2016.
The stock had outperformed the market over the past one month till 24 August 2017, sliding 0.09% compared with the Sensex's 2.02% fall. The scrip had also outperformed the market over the past one quarter gaining 15.93% as against the Sensex's 4.27% rise. The scrip had also outperformed the market over the past one year advancing 96.54% as against the Sensex's 12.6% rise.
The small-cap company has equity capital of Rs 15.56 crore. Face value per share is Rs 2.
Shares of KEI Industries rose 16.34% in six trading sessions to its current market price of Rs 244.10, from a close of Rs 209.80 on 17 August 2017.
KEI Industries' net profit spurted 55.9% to Rs 31.62 crore on 18.4% increase in net sales to Rs 728.49 crore in Q4 March 2017 over Q4 March 2016.
KEI Industries is a cable manufacturing company. It offers high and low tension cables, control and instrumentation cables, house wires and stainless steel wires, and high-technology specialty cables.
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