BUZZ-India's KEC International rises on orders worth $139 mln

Kitco Media
By Reuters
Published:
Updated:
Reuters

** Shares of engineering company KEC International Ltd rise 2.43% at 469.90 rupees, their biggest intraday pct gain since Jan 9


** Stock highest in about a week, above both 50-day and 100-day moving averages


** KECL reported on Monday it has won orders worth 11.31 bln rupees ($138.56 mln) across its various businesses
** The orders pertain to infrastructure works in metals, mining and pharma segments in India, and co T&D projects in India, Africa, Mexico and the United States, co said


** More than 118,109 shares changed hands, vs their 30-day moving avg 424,270 shares
** Thirteen of 20 brokerages rate the stock "buy" or higher, five "hold" and two "sell" or lower; their median PT is 496.50 rupees - Refinitiv data


** Stock rose 3.2% in 2022


($1 = 81.6270 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru)

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