KEC International Rises After Bagging Orders Worth Rs 1,131-Crore

KEC International shares gained after the company bagged new orders worth Rs. 1,131 crore across various businesses.

The infrastructure company received orders for its transmission and distribution, civil and cables businesses.

The stock gained as much as 2.43% during early trade. It is now trading 0.96% higher. The scrip was trading 1.6 times the 30-day average so far in the day. The relative strength index is 43.

Of the 26 analysts tracking the stock, 19 maintained ‘buy’, five analysts recommended ‘hold’ and two suggested ‘sell’. The return potential is 5% over the next 12 months.

Source: Bloomberg, Exchange filing

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