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Sharekhan is bullish on KEC International has recommended buy rating on the stock with a target price of Rs 770 in its research report dated September 25, 2023.

Buy KEC International; target of Rs 770: Sharekhan

The order entails design, supply and installation of 380 kilovolt (kV) overhead transmission line in the Kingdom of Saudi Arabia (KSA).Vimal Kejriwal, MD & CEO commented, “Our YTD order intake has now surpassed Rs 7,500 crore, a robust growth of 30% YoY. With this order, Saudi Arabia continues to be a major growth driver in the Middle East region. This strategic project holds immense significance for both NEOM and Saudi Arabia, as it plays a pivotal role in developing the power infrastructure required for the development of NEOM – a visionary city in Saudi Arabia.”Meanwhile, KEC International also announced that it has secured new orders worth Rs 1,012 crore across its various businesses.KEC International executes power transmission and distribution, railways, civil and solar projects on an EPC basis. It also manufactures power and telecom cables. KEC is one of the largest power transmission EPC companies in the world with presence in over 70 countries and a strong presence in India, the Middle East, Africa, South Asia the Americas and Central Asia.The companys consolidated net profit jumped 36.5% to Rs 42.33 crore on 27.9% increase in net sales to Rs 4,243.59 crore in Q1 FY24 over Q1 FY23.The scrip hit a life-time high at Rs 739 in intraday today on the BSE.

KEC Intl hits all time high as T&D biz bags Rs 1,145-cr order

Ajanta Pharma Ltd, Restaurant Brands Asia Ltd, Poly Medicure Ltd, Granules India Ltd are among the other stocks to see a surge in volumes on NSE today, 13 September 2023.K E C International Ltd registered volume of 48.5 lakh shares by 14:09 IST on NSE, a 16.97 fold spurt over two-week average daily volume of 2.86 lakh shares. The stock rose 1.59%  to Rs.675.80. Volumes stood at 4.28 lakh shares in the last session.Ajanta Pharma Ltd witnessed volume of 14.58 lakh shares by 14:09 IST on NSE, a 10.08 times surge over two-week average daily volume of 1.45 lakh shares. The stock increased 6.25%  to Rs.1,822.95. Volumes stood at 57955 shares in the last session.Restaurant Brands Asia Ltd witnessed volume of 103.73 lakh shares by 14:09 IST on NSE, a 8.91 times surge over two-week average daily volume of 11.64 lakh shares. The stock increased 4.56%  to Rs.121.45. Volumes stood at 9.2 lakh shares in the last session.Poly Medicure Ltd recorded volume of 4.96 lakh shares by 14:09 IST on NSE, a 6.23 times surge over two-week average daily volume of 79683 shares. The stock gained 4.27%  to Rs.1,396.70. Volumes stood at 49783 shares in the last session.Granules India Ltd registered volume of 78.78 lakh shares by 14:09 IST on NSE, a 5.78 fold spurt over two-week average daily volume of 13.62 lakh shares. The stock rose 4.53%  to Rs.321.70. Volumes stood at 15.19 lakh shares in the last session.

Volumes spurt at K E C International Ltd counter

Ajanta Pharma Ltd, Max Financial Services Ltd, Granules India Ltd, Restaurant Brands Asia Ltd are among the other stocks to see a surge in volumes on BSE today, 13 September 2023.K E C International Ltd registered volume of 1.2 lakh shares by 10:44 IST on BSE, a 6.41 fold spurt over two-week average daily volume of 18772 shares. The stock rose 4.80%  to Rs.696.30. Volumes stood at 15211 shares in the last session.Ajanta Pharma Ltd notched up volume of 24996 shares by 10:44 IST on BSE, a 4.11 fold spurt over two-week average daily volume of 6075 shares. The stock rose 7.78%  to Rs.1,850.10. Volumes stood at 3956 shares in the last session.Max Financial Services Ltd saw volume of 1.41 lakh shares by 10:44 IST on BSE, a 3.88 fold spurt over two-week average daily volume of 36412 shares. The stock dropped 1.17%  to Rs.918.00. Volumes stood at 23935 shares in the last session.Granules India Ltd clocked volume of 1.78 lakh shares by 10:44 IST on BSE, a 2.12 times surge over two-week average daily volume of 83875 shares. The stock gained 4.32%  to Rs.321.00. Volumes stood at 1.8 lakh shares in the last session.Restaurant Brands Asia Ltd witnessed volume of 1.54 lakh shares by 10:44 IST on BSE, a 1.67 times surge over two-week average daily volume of 92361 shares. The stock increased 5.98%  to Rs.123.10. Volumes stood at 69099 shares in the last session.

The companys civil business has secured prestigious orders from new clients in the data centre and FMCG segments in India to build a data centre in Western India and to set up manufacturing facility for a global FMCG major in Southern India.The firms Transmission & Distribution (T&D) business has secured orders for T&D projects in India and Americas. The said order includes 765 kV transmission line in India from an existing private client and supply of towers, hardware and poles in Americas.The cable business of the company has secured orders for supply of various types of cables in India and overseas.Vimal Kejriwal, MD & CEO, KEC International, said, “We are pleased with the continuous inflow of orders, especially in our T&D and Civil businesses. The civil business continues to diversify its customer base, with the addition of marquee clients. The prestigious order for building a Data centre, reaffirms our confidence in the strong growth of this segment. We are particularly encouraged by the continuous inflow of tower supply orders from the North American market. With the above orders, our YTD order intake stands at a record level of over Rs 6,500 crore, a strong growth of 11% vis-à-vis last year.”KEC International executes power transmission and distribution, railways, civil and solar projects on an EPC basis. It also manufactures power and telecom cables. KEC is one of the largest power transmission EPC companies in the world with presence in over 70 countries and a strong presence in India, the Middle East, Africa, South Asia the Americas and Central Asia.The companys consolidated net profit jumped 36.5% to Rs 42.33 crore on 27.9% increase in net sales to Rs 4,243.59 crore in Q1 FY24 over Q1 FY23.The scrip hit all time high at Rs 739 in intraday today.

KEC Intl hits record high after bagging order worth Rs 1,012 cr 

LIC saw a decisive breakout of long falling resistance trendline adjoining highs of December 20 last year, and August 11 this year. The stock has formed a bullish candlestick pattern with long upper shadow on the daily charts with strong volumes.

Trade Spotlight | What should be your strategy for EID Parry, LIC of India, KEC International today

The price chart of KEC International indicates a breakout from a triangular pattern on the daily timeframe, accompanied by significant trading volume.

Hot Stocks | Bet on PCBL, Harsha Engineers, KEC International for 10-14% return

The civil business has secured an order for design, engineering, procurement and construction of a multispeciality hospital in India. The companys transmission & distribution (T&D) business has secured an order for a 380 kV overhead transmission line project in the Middle East.The cable business of EPC major has also secured orders for supply of various types of cables in India and overseas.Vimal Kejriwal, managing director (MD) & chief executive officer (CEO), KEC International commented, “We are pleased with the continuous inflow of orders, especially in our T&D and civil businesses. In line with our strategy, the civil business has expanded its presence by securing a breakthrough order for building a multispeciality hospital in Eastern India. The T&D order in the Middle East region has significantly enhanced our order book in the international T&D market. With the above orders, our YTD order intake stands at a record level of over Rs 5,500 crore, a strong growth of more than 15% vis-à-vis last year.”KEC International executes power transmission and distribution, railways, civil and solar projects on an EPC basis. It also manufactures power and telecom cables. KEC is one of the largest power transmission EPC companies in the world with presence in over 70 countries and a strong presence in India, the Middle East, Africa, South Asia the Americas and Central Asia.The companys consolidated net profit jumped 36.5% to Rs 42.33 crore on 27.9% increase in net sales to Rs 4,243.59 crore in Q1 FY24 over Q1 FY23.

KEC Intl rallies on bagging orders worth Rs 1,007 cr

Brokerage house Geojit has reiterated 'Accumulate' rating on the stock with a target price of Rs 703

KEC International rises 8% on bagging orders worth Rs 1,007 crore

Geojit recommended accumulate rating on KEC International with a target price of Rs 703 in its research report dated August 16, 2023.

Accumulate KEC International; target of Rs 703: Geojit

KEC International Ltd. engages in the provision of infrastructure engineering, procurement, and construction services. Its business units include power transmission and distribution, cables, railways, renewables, civil, and smart infrastructure. The company was founded in 1945 and is headquartered in Mumbai, India.

Watchers	64
52-Wk Low	405.30
52-Wk High	747.70

Market Cap	170.32B
Volume (M)	121,563.00
52-Wk High	747.70
52-Wk Low	405.30

Current Price	662.50
Prev Close	663.50
Open	663.50
Dividend Yield	0.66%
50-Day Moving Average	652.96
Beta	0.16
Avg. Volume	936,066.00
PE Ratio	90.92

52-Week High	747.70
52-Week Low	405.30
Market Capitalization	170.32B
EPS	7.29
Price to Book	4.52
Revenue Per Employee	3.88M
Enterprise Value/EBITDA	16.31

KEC.NSE KEC International Ltd.

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