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KEC INTERNATIONAL Gains 4%; BSE CAPITAL GOODS Index Down 0.5%
Thu, 18 Jul 9:27

KEC INTERNATIONAL Gains 4%; BSE CAPITAL GOODS Index Down 0.5%Image source: hudiemm/www.istockphoto.com

KEC INTERNATIONAL share price has zoomed 4% and is presently trading at Rs 917.6.

Meanwhile, the BSE CAPITAL GOODS index is at 74,069.8 (down 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 1.3%) and TIMKEN INDIA (up 1.0%).

HINDUSTAN AERO. (down 2.3%) and BHEL (down 1.1%) are among the top losers today.

Over the last one year, KEC INTERNATIONAL has moved up from Rs 600.9 to Rs 917.6, registering a gain of Rs 316.7 (up 52.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,426.7 to 74,069.8, registering a gain of 78.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 240.3%), HINDUSTAN AERO. (up 172.7%) and Bharat Electronics (up 154.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,609.7 (down 0.1%).

The top losers among the BSE Sensex today are Asian Paints (down 2.5%) and Tata Steel (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,542.6 (down 0.3%). Bajaj Auto and Asian Paints are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,609.7, registering a gain of 14,019.8 points (up 21.1%).

KEC INTERNATIONAL Financial Update...

KEC INTERNATIONAL net profit grew 110.3% YoY to Rs 1,518 million for the quarter ended March 2024, compared to a profit of Rs 722 million a year ago. Net sales rose 11.6% to Rs 61,648 million during the period as against Rs 55,250 million in January-March 2023.

For the year ended March 2023, KEC INTERNATIONAL reported 47.0% decrease in net profit to Rs 1,760 million compared to net profit of Rs 3,321 million during FY22. Revenue of the company grew 25.8% to Rs 172,817 million during FY23.

The current Price to earnings ratio of KEC INTERNATIONAL, based on rolling 12 month earnings, stands at 68.0.


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