India's KEC International rises on 10.03 bln rupee order wins

ABB India

23/09/2024 05:07

** Shares of KEC International  KECL.NS  rise as much as
3.6% to 975 rupees, last up about 1%
    ** Engineering and construction co gets orders worth 10.03
billion rupees ($120.2 million) across its railways, civil and
cables business
    ** Avg rating of 22 analysts covering the stock at "hold";
median PT is at 880 rupees - LSEG data
    ** Stock up ~60% so far this year, on track for sixth
straight year of gains
    ** YTD, rivals ABB India  ABB.NS  and Kalpataru Projects
International  KAPT.NS  up ~66% and ~90% respectively

($1 = 83.4510 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))