KEC International New Order Wins:
KEC International Ltd., a subsidiary of the RPG Group, witnessed a significant rally in its stock price following the announcement of new order wins worth ₹1,267 crore. The stock surged by 6.95%, closing at ₹718.30 on the National Stock Exchange (NSE), reflecting a gain of ₹46.70 from the previous closing price of ₹671.60.
Reaction after KEC International New Order Wins
During the trading session, KEC International opened at ₹684.00 and demonstrated strong bullish momentum, touching a high of ₹730.00 while dipping to a low of ₹673.10. The stock’s intraday performance was largely driven by positive investor sentiment following the company’s announcement of fresh orders across multiple business segments.
KEC International New Order Wins Drive Market Optimism
On March 15, KEC International secured fresh orders worth ₹1,267 crore across various business verticals, reinforcing its strong position in the industry. Notably, the company’s cables division bagged significant contracts for supplying different types of cables and conductors for both domestic and international markets. This development reflects the company’s growing footprint and demand for its products.
KEC International New Order: Market Reaction and Future Outlook After This
Investors responded positively to the news, pushing the stock up over 7% to an intraday high of ₹721.75 on the Bombay Stock Exchange (BSE). The latest order wins indicate robust business growth for KEC International, enhancing its revenue visibility in the near term. Given the company’s strong order pipeline and expanding market reach, analysts anticipate continued momentum in the stock, with potential upside in the coming sessions.
KEC International’s recent performance highlights its resilience in the infrastructure sector, and with strong fundamentals in place, the company remains well-positioned for future growth. Investors will closely watch upcoming order inflows and earnings reports to gauge the stock’s next move.
How was the December Quarter Earnings
In the December 2024 quarter, KEC International reported improved financial performance compared to the September 2024 quarter. Sales increased to ₹5,349 crore from ₹5,113 crore, reflecting growth in revenue. Operating profit also rose to ₹375 crore from ₹320 crore, with the operating profit margin improving to 7% from 6%. However, other income declined significantly from ₹7 crore to ₹1 crore. Despite a slight increase in interest expenses (₹170 crore vs. ₹168 crore) and constant depreciation at ₹45 crore, profit before tax surged to ₹160 crore from ₹114 crore.
A lower tax rate of 19% (compared to 25% in the previous quarter) contributed to net profit rising sharply to ₹130 crore from ₹85 crore. Consequently, earnings per share (EPS) improved from ₹3 to ₹5, reflecting strong earnings growth.
Disclaimer: This content is intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.