India's KEC International up after court puts Power Grid tender ban on hold

Power Grid of India

22/12/2025 04:46

** Shares of KEC International Ltd KECL.NS rise as much as 7.6% to 764.8 rupees
** Engineering co says Delhi High Court keeps Power Grid Corporation of India's PGRD.NS order pertaining to exclusion of co from participating in tenders in abeyance
** Adds, court has further allowed co to continue to participate in ongoing bids including that of PGRD
** Stock on track to snap 2 months of losses, up 3.7% so far in Dec.
** More than 3.5 mln shares traded as of 10:13 A.M. IST, 2.3x their 30-day moving avg
** Mean rating of stock is "buy"; their median PT is 944.5 rupees - data compiled by LSEG
** KECL last up 4.9%, cutting YTD losses to ~41%

(Reporting by Meenakshi Maidas in Bengaluru)

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