KEC Intnl rises and falls

KEC International is having a volatile day. It rose over 3% to hit an intraday high at Rs.335.40 but from there, profit booking and overall moods of the market took over and the stock dived down 2.5% to Rs.317 and trades in the red.

The initial positive reaction to its winning of order to the tune of Rs.1401 crore. These orders were:

Transmission & Distribution:  

The T&D business including SAE Towers has secured orders of Rs.1,143 crore for various T&D projects from Oman Electricity Transmission, Power Grid Corporation of India and others.  

Railways:  

The Railways business has secured orders of Rs. 120 crore for Overhead Electrification/Civil works in India. 

Smart Infra:  

The Smart Infra business has secured orders of Rs. 48 crore in the Defence segment in India.

Cables:  

The Cables business has secured orders of Rs. 90 crore for supply of various types of cables/cabling projects in India and overseas.