Shares of KEC International jumped 15% to hit a 52-week high of Rs 838.85 after the company secured fresh orders of Rs 816 crore across its various businesses.
KEC International, under the Civil segment secured orders for infrastructure projects across India. The company secured orders in the metals and mining sector for setting up a steel plant in the northern part of India. It got an order to build a cement plant in Central India, for the cement sector. It got many other orders in different business sectors.
The MD & CEO of the company, Vimal Kejriwal said with these orders KEC International’s total order intake stands at Rs 18,102 crore in FY24. “These orders along with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth trajectory in the future,” he said.
Navigating the Dynamics of the Evolving Mutual Fund Industry FPIs pull out Rs 21,200 crore so far in August after mega buying in July Foreign investors pull out over Rs 13,400 crore from Indian equities in first week of August Neeraj Chopra: A look at his three-storey bungalow in Haryana, Rs 2 crore Range Rover Sport, and Rs 37 crore net worth
The stock has risen 22.5% in the last five days and similarly in the past six months. It has risen 82% in the last year and has given more than 186% returns to investors in the last five years.
To compare, the benchmark index Nifty 50 has given a return of 0.9% in the last five days and over 15% in the last six months. The benchmark has risen 28% in the last year and 92% in the past five years.