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    Buy KEC International, target price Rs 505: Emkay Global

    Synopsis

    KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10604.90 Crore) operating in Power sector.

    kec internationalAgencies
    Promoters held 51.88 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.17 per cent, DIIs 26.46 per cent.
    Emkay Global has buy call on KEC International Ltd. with a target price of Rs 505. The current market price of KEC International Ltd. is Rs 420.55.

    KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10604.90 Crore) operating in Power sector.

    KEC International Ltd. key Products/Revenue Segments include Income from Eng.Construction Contracts, Cables, Scrap, Towers & Structurals, Sale of services, Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 4080.14 Crore, up 22.67 % from last quarter Total Income of Rs 3326.03 Crore and up 13.63 % from last year same quarter Total Income of Rs 3590.75 Crore. Company reported net profit after tax of Rs 55.24 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 51.88 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.17 per cent, DIIs 26.46 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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