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KEC INTERNATIONAL Plunges 5%; BSE CAPITAL GOODS Index Down 1.2%
Mon, 7 Oct 10:28

KEC INTERNATIONAL Plunges 5%; BSE CAPITAL GOODS Index Down 1.2%Image source: Kameleon007 /www.istockphoto.com

KEC INTERNATIONAL share price has plunged 5% and is presently trading at Rs 981.2.

Meanwhile, the BSE CAPITAL GOODS index is at 69,479.5 (down 1.2%).

Among the top losers in the BSE CAPITAL GOODS index today are Graphite India (down 4.3%) and Carborundum Universal (down 3.8%).

ABB (up 0.1%) is among the top gainers today.

Over the last one year, KEC INTERNATIONAL has moved up from Rs 679.3 to Rs 981.2, registering a gain of Rs 301.9 (up 44.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 69,479.5, registering a gain of 44.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 115.5%), Siemens (up 102.1%) and BHEL (up 99.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,934.0 (up 0.3%).

The top gainers among the BSE Sensex today are ITC (up 1.7%) and ICICI Bank (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,049.5 (up 0.1%). ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,934.0, registering a gain of 16,421.9 points (up 25.1%).

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 66.6.


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