KEC International shares jump 8% on winning order worth Rs 1,061 crore

Engineering and construction major KEC International witnessed a significant surge in its share price, rising by 8% to Rs 829 on Monday, following the company's announcement of securing new orders worth Rs 1,061 crore across various business segments.

The transmission & distribution (T&D) business of KEC International secured orders for projects in India, East Asia Pacific, and America. This includes transmission lines and substation order from a reputed private developer in India, an additional order for a transmission line in Malaysia, and supply of towers, hardware, and poles in America.

In the railways segment, the company secured orders in both technologically enabled and conventional segments in India. This includes a maiden order for composite gauge conversion works and setting up a power supply system, including receiving substation and high-voltage cabling for Bengaluru Metro Rail Corporation Ltd. (BMRCL).


The cables business of KEC International also secured orders for the supply of conductors and cables, including power transmission conductors and various types of cables in India and overseas.

Vimal Kejriwal, MD & CEO of KEC International, commented, "With these orders, our YTD order intake stands at over Rs 3,000 crores, with a robust growth of approximately 30% compared to last year."

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As of 10:20 am, the stock was trading 6.7% higher at Rs 819.1 on BSE. Year-to-date, the stock has surged by 35%, and it has gained over 50% in the last year.

In terms of technical indicators, the relative strength index (RSI) of the stock stands at 53.4, indicating that it is neither in the overbought nor in the oversold territory. The MACD is at 5.1, which is above its center line but below the signal line.

Additionally, KEC International's stock price is higher than the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages.