KEC International surged 4.52% to Rs 139.90 at 9:50 IST on BSE after the company said it has secured new orders worth Rs 1036 crore.
The announcement was made after market hours yesterday, 22 June 2016.Meanwhile, the S&P BSE Sensex was up 19.48 points or 0.07% at 26,785.13.
On BSE, so far 1.76 lakh shares were traded in the counter as against average daily volume of 70,832 shares in the past one quarter. The stock hit a high of Rs 143.95 and a low of Rs 139.30 so far during the day. The stock had hit a 52-week high of Rs 164.75 on 24 November 2015. The stock had hit a 52-week low of Rs 97.45 on 12 February 2016.
The mid-cap company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.
The company's transmission & distribution business secured orders worth Rs 666 crore. Cables business received orders worth Rs 53 crore and railway business secured a composite order worth Rs 317 crore.
On consolidated basis, KEC International's net profit rose 27% to Rs 79.85 crore on 1.6% growth in net sales to Rs 2529.56 crore in Q4 March 2016 over Q4 March 2015.
KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, cables, railways, water and renewables.
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