KEC International Ltd up by 6.91 percent - Traders Corners | Espresso

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Espresso Shot of the Day - KEC International Ltd up by 6.91 percent

May 10, 2023
Espresso Shot of the Day - KEC International Ltd up by 6.91 percent

KEC INTERNATIONAL LTD. 549.35 (+6.91%) BSE – INE389H01022 | 10th May2023

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KEC International Limited, headquartered in Mumbai, India, is the flagship company of the RPG Group. A USD 1.8 billion Engineering, Procurement, and Construction (EPC) major, the company delivers projects in key infrastructure sectors such as Power Transmission & Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables. KEC International Limited, headquartered in Mumbai, India, is the flagship company of the RPG Group. A USD 1.8 billion Engineering, Procurement, and Construction (EPC) major, the company delivers projects in key infrastructure sectors such as Power Transmission & Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables. The company’s global presence has enabled a robust and agile supply chain that extends across six continents in over 105 countries.


Recent Drivers

  • On May 3,2023, KEC International Limited reported a quarterly net profit of Rs.72.17 crores in March 2023.
  • On May 3,2023, KEC International Limited reported a quarterly net sale of Rs 5,525.01 crores in March 2023, up 29.25% from Rs. 4,274.78 crores in March 2022.
  • The Board of Directors have “Recommended a Dividend of Rs. 3/- (Rupees Three Only) per equity share i.e. 150 % of face value of Rs. 2/- each fully paid up on May 3,2023, for the financial year ended March 31, 2023.
  • On April 6,2023, the company announced that it has won the orders worth Rs.1,017 crores across its various business.
  • KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders worth Rs. 1,560 crores for Transmission & Distribution (T&D) projects in India, from Power Grid Corporation of India Limited (PGCIL) under a Tariff Based Competitive Bidding (TBCB) route.
            (Sources: Exchange, Money control)­


Technical Force*

  • S&P BSE 500 month till date gain by 1.30%.
  • 3 months avg. NSE volume: 378,316
  • Quantity traded: 1,09,651| Deliverable quantity: 55,001 (50.16%).
  • Stock price jumped by more than 50% from a one-year low level: 345.15 (May 12, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 564.95| 52-week-low: 345.15


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

784.93

667.07

580.88

463.02

376.83

258.97

172.78

-

Fibonacci Pivot

667.07

589.12

540.96

509.95

463.02

416.09

385.07

336.91

258.97


Today’s Close

549.35

SMA

BSE

10 DAY

497.26

20 DAY

487.33

50 DAY

472.36

200 DAY

451.33


Some Key Ratios (Source: BSE)

Market Cap:  14,123.15 Crores

PE: 78.35

OPM%: 4.33

ROE%:  4.55

Promoters holding%: 51.88

Prev. Close:  513.85


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.