Good quarterly result pushes KEI Industries’ scrip to a record high
DSIJ Intelligence / 30 Aug 2017
Engaged in the manufacture and supply of power and other industrial cables, the stock of KEI Industries cheered investors during Wednesday’s trade as it soared nearly 7% on the BSE.
Engaged in the manufacture and supply of power and other industrial cables, the stock of KEI Industries cheered investors during Wednesday’s trade as it soared nearly 7% on the BSE. The stock traded on a new 52-week high value of Rs 262.50 on the back of strong Q1 earnings. It witnessed an increase in volume by more than 2.68 times.
During Q1FY18, the company’s gross sales were at Rs 823.54 crores and EBIDTA at Rs 78.36 crores, approximately 9.52% of the gross sales. The PAT margin on gross sales has improved from 1.87% to 3.34% during the first quarter of FY18. The stock attracted a traded volume of 12,38,335 shares and traded value of Rs 3,127.04 lakhs on the NSE.