India's KEI Industries hits record high

KEI Industries

25/10/2022 09:15

** Shares of wires and cables manufacturing co KEI
Industries  KEIN.NS  rise as much as 7.97% to a record high of
1,654.60 rupees 
    ** Stock marks sharpest intraday pct gain since June 1
    ** Co on Thursday reported a 16.5% year-over-year jump in
Sept-qtr consolidated net profit to 1.07 billion indian rupees
($12.93 million)
    ** Revenue from opertions rose 18.81% Y/Y to 16.08 bln
rupees 
    ** More than 558,000 shares change hands by 0804 GMT, 3.4x
30-day avg of 165,741 shares
    ** Ten of the 13 analysts covering the stock have a "buy" or
"strong buy" rating while 3 have "hold"; median PT is 1,680
rupees - Refinitiv data
    ** Stock up 31.20% YTD, as of last close
($1 = 82.7450 Indian rupees)
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))