India's KEC International hits record high on 10 billion rupee order win

KEC International

27/06/2024 05:15

** Shares of KEC International  KECL.NS  rise as much as 10%
to 950 rupees, hitting a record high; last up 5.3%
    ** The engineering and construction firm gets orders worth
10.25 billion rupees ($122.8 million) in its transmission and
distribution business in India, Africa and America
    ** KECL on track for second straight session and quarter of
gains, if trend holds
    ** About 1.4 mln shares change hands, 1.5x the 30-day avg 
    ** Stock up 54% YTD, had gained 19% in 2023 for fifth
straight year of gains

($1 = 83.5050 Indian rupees)

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