India's KEC International rises on 11 bln rupees order win

ABB India

18/07/2024 05:56

** Shares of KEC International  KECL.NS  rise 4.4% to 926.95
rupees; set for best day in over a month
    ** KECL among top gainers on the Nifty small-cap 100 index
 .NIFSMCP100  which is down 0.77%
    ** Engineering and construction firm gets orders worth 11
bln rupees ($131.6 mln) for transmission and distribution
projects
    ** Trade vol at 1.5 mln shares, above 30-day avg
    ** Avg rating of 22 brokerages is a "hold" rating; median PT
is at 776 rupees - LSEG
    ** Rival ABB India  ABB.NS  is also rated "hold" and
Kalpataru Projects International  KAPT.NS  is rated "buy"
    ** Stock up ~57% YTD vs a 25% rise in small-cap index

($1 = 83.5750 Indian rupees)

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