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Monday, August 1, 2016

KEC Volume Surge 1.5% post Q1 FY17 Results

KEC InternationalOn 29th July 2016, KEC International announced its financial results for the quarter ended 30 June 2016. The Company reported 83.1 per cent growth in consolidated net profit at INR 30.94 crore for the Q1 FY17.
Following this result KEC shares registered a volume spurt of 1.5 per cent on 1st August 2016. KEC share price is currently trading at Rs 145.50, up by 1.50 per cent or 2.15 points.
The company announced in a filing to BSE a consolidated net profit after taxes, minority interest and share of profit of Rs 16.89 crore in the year-ago period.
The net sales of the company during the Q1 FY17 went down to Rs 1,763.00 crore from Rs 1,902.71 crore as compared to the corresponding quarter of the previous year. KEC International is primarily committed in the business of engineering, procurement as well as construction relating to products, projects and systems for power transmission, distribution and related activities.
Since this morning a total volume of 2,24,327 shares of the company has traded so far. KEC share price has hit an intraday high of Rs 148.10 and an intraday low of Rs 144.60. The share price opened at Rs 145.65 from a previous Rs 143.35.

KEC Share Price History
KEC share price recorded a lifetime high of Rs 190.00 on 19th November 2007 and a lifetime low of Rs 97.50 on 21st November 2008. The 52 week high and 52 week low of the share are Rs 190.00 on 19th November 2007 and Rs 97.50 on 12th February 2016.

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