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KEC INTERNATIONAL Gains 6%; BSE CAPITAL GOODS Index Up 0.0%
Thu, 29 Aug 9:32

KEC INTERNATIONAL Gains 6%; BSE CAPITAL GOODS Index Up 0.0%Image source: Chunumunu/www.istockphoto.com

KEC INTERNATIONAL share price has zoomed 6% and is presently trading at Rs 912.9.

Meanwhile, the BSE CAPITAL GOODS index is at 73,470.1 .

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.4%) and Carborundum Universal (up 1.4%).

GRINDWELL NORTON (down 0.7%) and BHEL (down 0.5%) are among the top losers today.

Over the last one year, KEC INTERNATIONAL has moved up from Rs 653.6 to Rs 912.9, registering a gain of Rs 259.3 (up 39.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,593.2 to 73,470.1, registering a gain of 64.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 167.4%), HINDUSTAN AERO. (up 138.5%) and Bharat Electronics (up 122.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,858.3 (up 0.1%).

The top gainers among the BSE Sensex today are Sun Pharma (up 0.6%) and HDFC Bank (up 0.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,054.3 . Cipla and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,858.3, registering a gain of 16,861.7 points (up 25.9%).

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 59.9.


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