DSIJ Mindshare

Rs 38,000 crore order book: This multibagger engineering company bags new orders worth Rs 2257,00,00,000
Kiran Shroff
/ Categories: Trending, Multibaggers

Rs 38,000 crore order book: This multibagger engineering company bags new orders worth Rs 2257,00,00,000

The stock is up by 50 per cent in 1 year and gave multibagger returns of over 1,000 per cent in a decade.

KEC International Ltd, a leading infrastructure EPC company, has secured new orders worth Rs 2257,00,00,000 across its various businesses. The Transmission & Distribution (T&D) business secured orders for projects in India and the Americas, including 765 kV transmission lines and substations from Power Grid Corporation of India Limited (PGCIL) in India.

Notably, the Oil & Gas Pipelines business secured its first international order for a pipeline laying project, marking its foray into the international market. The Civil business also won an order in the metals & mining segment from a prominent steel player in India, while the Cables business secured orders for various cable types in both domestic and international markets.

Today, shares of KEC International Ltd gained 1.64 per cent to Rs 675.70 per share with an intraday high of Rs 684.50 and an intraday low of Rs 663.20. The stock’s 52-week high is Rs 769 and its 52-week low is Rs 443.25

KEC International Ltd had a market cap of over Rs 17,000 crore and has been maintaining a healthy dividend payout of 31.1 per cent. The company reported amazing numbers in its Quarterly Results (Q3FY24) and nine-month results (9MFY23).

The company’s current order book stands at Rs 30,161 crore, a growth of 27 per cent YoY. Out of the total order book, 69 per cent are domestic orders and 31 per cent are international. Furthermore, the company’s order book including the L1 orders is over Rs 38,000 crore.

The stock is up by 50 per cent in 1 year and gave multibagger returns of over 1,000 per cent in a decade. Investors should keep an eye on this Mid-Cap company for upcoming trading sessions.

Disclaimer: The article is for informational purposes only and not investment advice. 

DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched mid-cap stocks for smart investing. If this interests you, do download the service details here.

Previous Article Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
Next Article India’s Youngest Crorepati: Narayana Murthy gifts 15,00,000 shares of this IT-software company to his four-month-old grandson!
Print
15402 Rate this article:
3.9

1 comments on article "Rs 38,000 crore order book: This multibagger engineering company bags new orders worth Rs 2257,00,00,000"

Avatar image

RAJPAL SINGH

भरतपुर से कामा जुरहरा पुनहाना 4लेन हाइवे कब बनेगा

Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR