KEC International  is very much in the limelight today, with volumes spiking up over two times and the stock going on to hit a new 52-week high at Rs.74.80.

The stock is up after the company announced that it has sold off its 7.3 acres land in Thane near Mumbai to Tata Housing Development Company for Rs.214 crore. This land has been sold at the rate of Rs 29 crore per acre with Ardent Properties Private Limited, a 100% subsidiary of Tata Housing Development Company.