KEC International is a leading Indian multinational company specializing in infrastructure, and primarily manufactures electric power transmission towers. It is the flagship company of the RPG Group and delivers projects in key infrastructure sectors such as power transmission and distribution, railways, civil, urban infrastructure, solar, smart infrastructure, oil and gas pipelines, and cables. The Mumbai-based company has become a leading power transmission, engineering, procurement, and construction (EPC) player across the globe. KEC International is the largest globally operated lattice tower manufacturing company in the world. The company functions across the entire EPC value chain from ‘concept to commissioning’ and has executed complex infrastructure projects across difficult terrains. Its backward integration of operations includes work in the railways, transmission and distribution, and solar sectors. KEC International holds expertise in turnkey EPC solutions, manufacturing, tower testing, engineering and design. Being a preferred contractor for ahead of schedule delivery of projects and its capabilities to execute projects in inhospitable terrains are some of the company’s key strengths. The specialised transmission lines built by KEC International across rivers include the Nile in Egypt, Niger in Nigeria, Hooghly and Ganges in India, the Arabian Sea, along with deserts of Saudi Arabia, among others. KEC International has a global presence and its supply chain extends across six continents in over 105 countries. More
European markets end lower as investors look ahead to the United States Federal Reserve and European Central Bank meetings, as well as latest inflation reading. We also take a closer look at inflation data for November and decode what cooled-off food inflation numbers. Stocks in the spotlight will be Tata Motors, Kotak Mahindra Bank, KEC International and V-Guard.
The company is set for higher earnings in the coming quarter with margins stabilising and execution improving
Sharekhan is bullish on KEC International has recommended buy rating on the stock with a target price of Rs 500 in its research report dated November 07, 2022.
ICICI Direct is bullish on KEC International recommended buy rating on the stock with a target price of Rs 515 in its research report dated November 08, 2022.
Emkay Global Financial is bullish on KEC International has recommended buy rating on the stock with a target price of Rs 505 in its research report dated November 08, 2022.
Prabhudas Lilladher recommended accumulate rating on KEC International with a target price of Rs 495 in its research report dated November 08, 2022.
Net Sales are expected to decrease by 12.7 percent Y-o-Y (down 5.7 percent Q-o-Q) to Rs. 3,130.3 crore, according to Yes Securities.
Sharekhan is bullish on KEC International has recommended buy rating on the stock with a target price of Rs 515 in its research report dated September 22, 2022.
The company said its transmission & distribution (T&D) business has secured orders for building a 400 kV digital GIS substation order from Power Grid Corporation of India Limited (PGCIL), and another 400 kV GIS substation from a reputed industrial developer
With these orders, KEC International’s year to date order intake has now surpassed Rs 7,000 crores, a growth of 25 percent vis-à-vis last year, the company management said.
Emkay Global Financial is bullish on KEC International has recommended buy rating on the stock with a target price of Rs 540 in its research report dated September 15, 2022.
ICICI Direct is bullish on KEC International has recommended buy rating on the stock with a target price of Rs 540 in its research report dated September 15, 2022.
Analysts are divided on the stock and do not see much upside in the counter.
KEC International jumped more than 9 percent to Rs 443.3, forming large bullish candle on the daily charts with strong volumes after a month long consolidation. It has seen a gap up opening on Monday and intraday climbed above the high of previous big red candle seen on August 5.
CD Equisearch recommended hold rating on KEC International with a target price of Rs 374 in its research report dated August 30, 2022.
Prabhudas Lilladher recommended accumulate rating on KEC International with a target price of Rs 473 in its research report dated August 04, 2022.
ICICI Direct recommended hold rating on KEC International with a target price of Rs 475 in its research report dated August 04, 2022.
Sharekhan is bullish on KEC International has recommended buy rating on the stock with a target price of Rs 515 in its research report dated August 04, 2022.
On weekly time frame of KEC, prices have taken multiple support from the 50 percent of Fibonacci retracement level of prior advance from Rs 155 level (April 2020) to Rs 550 level (October 2021). In this week, prices gave a breakout from the rectangle pattern which it had formed for past 17 weeks starting from March 2022.
CARE Ratings which has seen a strong gap up opening and closed with 15.2 percent gains at Rs 478, the highest level since June 1, amid robust volumes. The stock has been respecting its support trendline for more than 15 months now, which is tad above Rs 400 levels, marked from March 31, 2021.
A formation higher bottoms on the weekly chart and last week's low at Rs 381 could be considered as a new higher bottom of the sequence for KEC International. Weekly 14 period RSI (relative strength index) showing positive indication. One may expect further strengthening of upside momentum in the stock price ahead