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KEC International shares in focus after securing new orders worth Rs 1,267 crore

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KEC International’s shares focused on Monday, bringing the order intake to Rs 23,300 for the year after the company secured new orders worth Rs 1,267. Global Infrastructure EPC Major has contracts in a variety of businesses.

According to a regulatory application dated March 15, KEC has received an order to supply various types of cables and conductors in India and abroad. It also protects the delivery and distribution (PGCIL) and American towers, hardware and pole supply of the American towers, hardware and poles, including awards (NOA) notifications and 800 kV HVDC and 765 kV power lines orders.

“We are pleased to announce that we are committed to providing a range of services and services to providing services that will enable us to provide services that will enable us to provide services that will enable us to provide services that will enable us to provide services that will enable us to provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that will provide services that provide services that will provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide services that provide

“These victories have further strengthened the T&D order book in India. There is a positive outlook that the growth of the Indian T&D market is supported by the rising energy needs of the country and the government’s unwavering push to strengthen renewable electricity capacity and transmission infrastructure. With these new orders, our YTD order intake is above Rs. Growth of 23,300 crore, 35% over the last year,” he said according to a regulator’s submission.


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KEC International shares target price

According to Trendlyne data, the average target price for the stock is Rs 949, indicating a 41% increase from the current market price. The consensus recommendation from 24 analysts on the stock is “purchase.”

KEC International shares performance

On Thursday, KEC International shares closed at Rs 672.4, down 5.9% on BSE, while benchmark Sensex fell 0.27%. Stocks have fallen 44% or 42% since the start of the year over the past three months. The company’s market capitalization is Rs 17,899.

(Disclaimer: The recommendations, suggestions, opinions and opinions given by experts are their own. (These do not represent views of the economic era)

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