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KEC INTERNATIONAL Gains 4%; BSE CAPITAL GOODS Index Up 1.0%
Thu, 12 Sep 14:10

KEC INTERNATIONAL Gains 4%; BSE CAPITAL GOODS Index Up 1.0%Image source: peterschreiber.media/www.istockphoto.com

KEC INTERNATIONAL share price has zoomed 4% and is presently trading at Rs 988.9.

Meanwhile, the BSE CAPITAL GOODS index is at 72,131.4 (up 1.0%).

Among the top gainers in the BSE CAPITAL GOODS index today are Graphite India (up 2.6%) and BHEL (up 2.4%).

Lakshmi Machine (down 1.4%) and V GUARD IND. (down 0.8%) are among the top losers today.

Over the last one year, KEC INTERNATIONAL has moved up from Rs 682.9 to Rs 988.9, registering a gain of Rs 306.1 (up 44.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,746.4 to 72,131.4, registering a gain of 51.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 126.6%), Bharat Electronics (up 101.5%) and BHEL (up 89.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,018.4 (up 0.6%).

The top gainers among the BSE Sensex today are NTPC (up 2.6%) and M&M (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,134.0 (up 0.9%). Hindalco and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,018.4, registering a gain of 14,891.4 points (up 22.2%).

KEC INTERNATIONAL Financial Update...

KEC INTERNATIONAL net profit grew 106.9% YoY to Rs 876 million for the quarter ended June 2024, compared to a profit of Rs 423 million a year ago. Net sales rose 6.3% to Rs 45,119 million during the period as against Rs 42,436 million in April-June 2023.

For the year ended March 2024, KEC INTERNATIONAL reported 97.0% increase in net profit to Rs 3,468 million compared to net profit of Rs 1,760 million during FY23. Revenue of the company grew 15.2% to Rs 199,142 million during FY24.

The current Price to earnings ratio of KEC INTERNATIONAL, based on rolling 12 month earnings, stands at 64.9.


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