India's KEC International jumps after Q4 profit rise

KEC International

27/05/2025 05:20

** Shares of KEC International Ltd KECL.NS rise as much as 7.6% to 926.65 rupees

** Engineering co reported a 76.7% y/y rise in Q4 consol profit to 2.68 bln rupees ($31.4 mln); rev grew 11.5%

** Adds, transmission and distribution segment, which forms major chunk of total sales, grew 28% y/y

** Stock on track to gain for 5th straight day

** More than 4.9 mln shares traded as of 9:46 a.m. IST, 3.5x their 30-day moving avg

** Mean rating of analysts on stock is "buy"; their median PT is 930 rupees - data compiled by LSEG

** KECL last up 7%, cutting YTD losses to 28.1%

($1 = 85.2590 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))