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KEI INDUSTRIES Gains 8%; BSE POWER Index Up 1.1%
Wed, 27 Nov 9:55

KEI INDUSTRIES Gains 8%; BSE POWER Index Up 1.1%Image source: hudiemm/www.istockphoto.com

KEI INDUSTRIES share price has zoomed 8% and is presently trading at Rs 4,366.8.

Meanwhile, the BSE POWER index is at 7,334.5 (up 1.1%).

Among the top gainers in the BSE POWER index today are Siemens (up 3.8%) and ADANI ENERGY SOLUTIONS (up 2.5%).

Thermax (down 1.1%) and TORRENT POWER (down 1.0%) are among the top losers today.

Over the last one year, KEI INDUSTRIES has moved up from Rs 2,759.6 to Rs 4,366.8, registering a gain of Rs 1,607.2 (up 58.2%).

On the other hand, the BSE POWER index has moved up from 4,892.0 to 7,334.5, registering a gain of 49.9% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were Siemens (up 106.4%), TORRENT POWER (up 82.1%) and KEC INTERNATIONAL (up 78.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,964.1 .

The top losers among the BSE Sensex today are Indusind Bank (down 1.3%) and Bharti Airtel (down 1.1%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 24,183.6 (down 0.1%). Indusind Bank and Cipla are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,964.1, registering a gain of 13,789.9 points (up 20.8%).

KEI INDUSTRIES Financial Update...

KEI INDUSTRIES net profit grew 10.4% YoY to Rs 1,548 million for the quarter ended September 2024, compared to a profit of Rs 1,402 million a year ago. Net sales rose 17.2% to Rs 22,796 million during the period as against Rs 19,449 million in July-September 2023.

For the year ended March 2024, KEI INDUSTRIES reported 21.7% increase in net profit to Rs 5,808 million compared to net profit of Rs 4,773 million during FY23. Revenue of the company grew 17.3% to Rs 81,041 million during FY24.

The current Price to earnings ratio of KEI INDUSTRIES, based on rolling 12 month earnings, stands at 63.2.


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