Rs 38,000 crore order book: This multibagger engineering company bags new orders worth Rs 2257,00,00,000
The stock is up by 50 per cent in 1 year and gave multibagger returns of over 1,000 per cent in a decade.
KEC International Ltd, a leading infrastructure EPC company, has secured new orders worth Rs 2257,00,00,000 across its various businesses. The Transmission & Distribution (T&D) business secured orders for projects in India and the Americas, including 765 kV transmission lines and substations from Power Grid Corporation of India Limited (PGCIL) in India.
Notably, the Oil & Gas Pipelines business secured its first international order for a pipeline laying project, marking its foray into the international market. The Civil business also won an order in the metals & mining segment from a prominent steel player in India, while the Cables business secured orders for various cable types in both domestic and international markets.
Today, shares of KEC International Ltd gained 1.64 per cent to Rs 675.70 per share with an intraday high of Rs 684.50 and an intraday low of Rs 663.20. The stock’s 52-week high is Rs 769 and its 52-week low is Rs 443.25
KEC International Ltd had a market cap of over Rs 17,000 crore and has been maintaining a healthy dividend payout of 31.1 per cent. The company reported amazing numbers in its Quarterly Results (Q3FY24) and nine-month results (9MFY23).
The company’s current order book stands at Rs 30,161 crore, a growth of 27 per cent YoY. Out of the total order book, 69 per cent are domestic orders and 31 per cent are international. Furthermore, the company’s order book including the L1 orders is over Rs 38,000 crore.
The stock is up by 50 per cent in 1 year and gave multibagger returns of over 1,000 per cent in a decade. Investors should keep an eye on this Mid-Cap company for upcoming trading sessions.
Disclaimer: The article is for informational purposes only and not investment advice.
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