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Shares of KEC International, a prominent player in the Construction & Engineering industry according to InvestingPro Tips, specializing in power transmission towers, experienced a 5.05% increase on Tuesday, closing at Rs 652.05 each on the NSE in the previous session. This surge followed the company’s acquisition of orders worth Rs 1,315 crore. The stock opened Tuesday at Rs 685 per share.
The orders secured by the RPG Group company include a 765 kV transmission line and substation orders from the Power Grid Corporation of India Limited (PGCIL). The firm also obtained tower supplies for the Middle East, Australia, and the Americas, as well as hardware and poles for the Americas.
KEC International’s shares have shown remarkable growth, with a high return over the last year as per InvestingPro Tips. The company’s shares have surged by 35.6% over the past six months, significantly outpacing the Nifty 50 benchmark which rose by 11.97% over the same period. The company’s shares have also risen by 34% year-to-date, a figure that is significantly higher than the Nifty 50’s increase of 9.48% over the same period.
The company’s performance also stands out when compared to the broader market. According to InvestingPro data, the company’s 1 Year Price Total Return was 199.55%, considerably higher than the Nifty 50’s one-year rise of 14.54%.
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