India's KEC International rises on order wins

KEC International

22/03/2024 09:00

** Shares of KEC International  KECL.NS  up 1%
    ** Stock rose as much as 2.5% to the day's high of 680
rupees  
    ** The engineering and construction firm has secured new
orders worth 10.04 bln rupees ($120.5 mln) across its various
businesses
    ** "With these orders, our YTD order intake stands at ~175
bln rupees," said MD & CEO, Vimal Kejriwal
    ** Stock on track for second straight day of gains, if trend
holds
    ** KECL up 0.67% for the week so far, poised to snap two
straight weekly losses
    ** Mean rating of 20 analysts covering stock is "hold";
median PT is 665 rupees - LSEG data
    

($1 = 83.3430 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))