KEC Intnl keeps up momentum

KEC International is up in the green currently. After having hit a new 52-week low last week at Rs.23.25, the stock is now up 4% at Rs.27.10, with very robust volumes at 60,000 shares.

The stock is up since yesterday, stock price buoyant on the news of the company having received new orders worth Rs 1004 crore in its transmission, cables, telecom and power systems cables businesses. Transmission orders from India, USA and Kuwait are to the tune of Rs.750 crore, cables for supply to power and telecom companies to the tune of Rs.98 crore. In telecom,Rs.90 crore came from MTNL and in power systems, it got a Rs.56 crore order from National Grid Corporation of the Philippines.