India's KEC International rises on order wins

KEC International

21/11/2023 04:07

** Shares of KEC International  KECL.NS  up 4.5% to 626
rupees
    ** Engineering and construction firm gets new orders worth
10.05 bln rupees ($120.73 million) across its various businesses
    ** With these orders, our YTD order intake stands at 100 bln
rupees, says MD & CEO, Vimal Kejriwal
    ** Stock on track for third straight day of gains, if trends
hold
    ** More than 312,000 shares traded as of 9:34 a.m. IST, vs
30-day moving avg of 386,989 shares
    ** 11 of 21 brokerages rate the stock "buy" or higher, 5
"hold" and 5 "sell" or lower; their median PT is 635 rupees -
LSEG data
    ** KECL last up 1.7% adding to YTD gains of ~23.2% 


($1 = 83.2440 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))