India's KEC International rises on order wins worth $106.5 million
BUZZ-India's KEC International rises on order wins worth $106.5 million ** Shares of India's KEC International KECL.NS rise 1.4% to 354.75 rupees
** Stock up as much as 4.8% earlier in the session
** The construction and engineering company receives orders worth 10.30 billion rupees ($106.53 million) for projects in Bhutan, Saudi Arabia and the Americas.
** Company also secures 300+ MW wind project in southern India
** Says its cables and conductors business has secured multiple orders in India and overseas market** Stock rated "buy" on avg by 24 analysts, with median PT of 560 rupees - data compiled by LSEG
** Stock down 51.12%, YTD
($1 = 96.6875 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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