KEC International (NSE: KEC) share has seen a rocketing rise. The share of the company grew over 9 percent to Rs 947.70 on Thursday. This sharp rise in KEC International’s share has come after a major announcement.
The company has revealed it received fresh orders for distribution and transmission worth 1171 crores across the Middle East. The 52-week high level of KEC International’s shares is Rs 968.20.
The 52-week lowest level of share in the company is 551 rupees.
Information About The Order That Was Received By The Company
KEC International has received an order for 400 kV transmission lines in the UAE and a transmission line of 380 kV located in Saudi Arabia.
The company recently received new orders totaling more than 1079 crore in its distribution and transmission and cables sector. KEC International has earned a net profit of Rs 87.6 crore in the June quarter of the current financial year.
The company’s profit has more than doubled compared to the same period a year ago. A year ago in the same period, KEC International had a net profit of Rs 42 crore
The Company’s Shares Have Climbed More Than 280% In 5 Years
KEC International’s share has climbed more than 280 percent in the last 5 years. The company’s share was at Rs 244.65 on 30 August 2019.
KEC International’s share reached Rs 947.70 on 29 August 2024. KEC International’s share has seen a rise of more than 40 percent in the last year.
The company’s share was at Rs 675.10 on 29 August 2023. KEC International’s share reached Rs 947.70 on 29 August 2024.
This year, the share of the company has increased by 57%. At the beginning of this year, on January 1, 2024, the share of the company was at Rs 605.55, which reached Rs 947.70 on August 29, 2024.
Quick Fact
| Company name | KEC International |
|---|---|
| Recent Share Growth | 9% |
| Recent Share Price | ₹948 |
| Recent Major Announcement | Received fresh orders |
| Order Value | ₹1171 crores |
| Order Region | Middle East |
| Order Details | 400 kV line in UAE, 380 kV line in Saudi Arabia |
| New Orders Total Value | ₹1079 crores |
| Sector for Orders | Distribution, Transmission, Cables |
| Net Profit (June Quarter, FY 2024) | ₹88 crores |
| Profit Growth (Year-on-Year) | More than doubled |
| Previous Year Profit (Same Period) | ₹42 crores |
| Share Growth in 5 Years | 280% |
| Share Price (August 30, 2019) | ₹245 |
| Share Growth (Last Year) | 40% |
| Share Price (August 29, 2023) | ₹675 |
| Share Growth (This Year) | 57% |
| Share Price (January 1, 2024) | ₹606 |
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