KEC International's share price hit a new 52-week high of ₹1,098.95 on December 2, following the announcement of fresh orders worth ₹1,040 crore in its transmission and distribution (T&D) business across international markets. This surge in share price reflects the company's strong performance and positive investor sentiment, making it an appealing option for share market investment.
New orders in international markets
The recent order win includes the supply of towers, hardware, and poles in the Americas, as well as 220 kV transmission lines in the Commonwealth of Independent States (CIS). These new orders contribute significantly to KEC's expanding footprint in global markets, solidifying its position in the T&D sector.
Recent performance highlights
Earlier, KEC International secured orders worth ₹1,704 crore in the T&D sector, which involved design, supply, and installation of 765 kV transmission lines and GIS substations from Power Grid Corporation of India Limited (PGCIL). In addition, the company bagged ₹1,114 crore in new orders for various projects in late November, including T&D projects in the Middle East and Americas. The projects include a 400 kV transmission line in Oman and a supply of towers, hardware, and poles in the Americas.
Strong financial results boost investor confidence
In the most recent quarter, KEC International reported a 53% year-on-year increase in its net profit, reaching ₹85.41 crore for the period ending September 2024. This solid financial performance, combined with the large order wins, has positively impacted the company's stock price, reinforcing its appeal to investors looking to buy shares online.
Key factors driving growth and market performance
KEC's robust order book and international expansion have contributed significantly to its overall market performance. The company's strong position in the T&D sector, backed by its global reach and extensive experience, suggests continued growth in the coming quarters. The recent order wins, coupled with strong revenue growth, reinforce KEC International's positive outlook and highlight the potential for further upside in its stock price, making it a promising choice for share market investment.
Conclusion: A promising investment option
With a growing order book, impressive quarterly performance, and expanding international presence, KEC International's stock continues to show strong potential. Investors looking for long-term growth opportunities should consider adding KEC to their portfolio as the company continues to secure high-value contracts in key sectors. Given its strong market positioning and positive growth trajectory, KEC International is an attractive option for those looking to make share market investments.
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