KEC International shares gained on Thursday after it has secured new orders worth Rs 12.09 billion in its transmission & distribution and cables businesses.
In transmission and distribution businesses, the company has secured orders from Saudi Arabia, Uganda, India and the Americas amounting to Rs 11.26 billion. In cable business, the company has bagged contracts for the supply of power and telecom cables. The total value of these orders is Rs 830 million.
Shares of the company are trading at Rs 125.85, up Rs 2.5, or 2.03% at the Bombay Stock Exchange (BSE) on Thursday at 12:46 p.m.
The scrip has touched an intra-day high of Rs 127.90 and low of Rs 122.65. The total volume of shares traded at the BSE is 255,691.
In the earlier session, the shares rose 2.96%, or Rs 3.55, at Rs 123.35.
Currently, the stock is trading down 3.12% from its 52-week high of Rs 129.90 and above 441.29% over the 52-week low of Rs 23.25.