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KEC INTERNATIONAL Plunges 4%; BSE CAPITAL GOODS Index Down 2.7%
Mon, 5 Aug 9:50

KEC INTERNATIONAL Plunges 4%; BSE CAPITAL GOODS Index Down 2.7%Image source: DNY59/www.istockphoto.com

KEC INTERNATIONAL share price has plunged 4% and is presently trading at Rs 845.5.

Meanwhile, the BSE CAPITAL GOODS index is at 71,523.6 (down 2.7%).

Among the top losers in the BSE CAPITAL GOODS index today are Bharat Forge (down 4.9%) and SKF India (down 3.2%).

V GUARD IND. (up 3.1%) is among the top gainers today.

Over the last one year, KEC INTERNATIONAL has moved up from Rs 625.3 to Rs 845.5, registering a gain of Rs 220.3 (up 35.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,869.5 to 71,523.6, registering a gain of 63.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 181.2%), HINDUSTAN AERO. (up 136.3%) and Bharat Electronics (up 125.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,456.2 (down 1.9%).

The top losers among the BSE Sensex today are Tata Motors (down 4.2%) and JSW Steel (down 3.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,271.4 (down 1.8%). Tata Motors and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 79,456.2, registering a gain of 12,996.8 points (up 19.6%).

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 55.4.


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