KEC International today rose over 2% to hit an intraday high at Rs.464.90 and is now trading at Rs.462 levels. Its 52-week high is at Rs.525.05.
The stock price surged today, reacting to its announcement of new orders to the tune of Rs.1213 crore.
The company said that the orders were for:
Transmission & Distribution (T&D): orders for T&D projects in India, SAARC, Middle East, East Asia Pacific and Americas.
Civil: an order in the urban infra segment in India.
Cables: orders for various types of cables in India and overseas.
The company said that with these orders, its total order inflow for FY23 stands at an all-time high of Rs. 22,378 crore, a growth of 30% (YoY).