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KEI INDUSTRIES Gains 4%; BSE POWER Index Up 0.3%
Thu, 4 Jul 15:27

KEI INDUSTRIES Gains 4%; BSE POWER Index Up 0.3%Image source: Ivcandy/www.istockphoto.com

KEI INDUSTRIES share price has zoomed 4% and is presently trading at Rs 4,693.0.

Meanwhile, the BSE POWER index is at 7,997.3 (up 0.3%).

Among the top gainers in the BSE POWER index today are NHPC (up 2.0%) and ABB (up 1.3%).

ADANI ENERGY SOLUTIONS (down 1.0%) and INDIAN ENERGY EXCHANGE (down 0.8%) are among the top losers today.

Over the last one year, KEI INDUSTRIES has moved up from Rs 2,295.8 to Rs 4,693.0, registering a gain of Rs 2,397.2 (up 104.4%).

On the other hand, the BSE POWER index has moved up from 4,005.2 to 7,997.3, registering a gain of 99.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 252.4%), ADANI POWER (up 186.2%) and TORRENT POWER (up 149.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,046.4 (up 0.1%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.1%) and ICICI Bank (up 2.7%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,309.1 (up 0.1%). HCl Tech. and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,046.4, registering a gain of 14,841.4 points (up 22.8%).

KEI INDUSTRIES Financial Update...

KEI INDUSTRIES net profit grew 22.1% YoY to Rs 1,686 million for the quarter ended March 2024, compared to a profit of Rs 1,381 million a year ago. Net sales rose 18.8% to Rs 23,193 million during the period as against Rs 19,529 million in January-March 2023.

For the year ended March 2023, KEI INDUSTRIES reported 26.9% increase in net profit to Rs 4,773 million compared to net profit of Rs 3,760 million during FY22. Revenue of the company grew 20.7% to Rs 69,123 million during FY23.

The current Price to earnings ratio of KEI INDUSTRIES, based on rolling 12 month earnings, stands at 72.9.

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