KEC International advances on promoter hiking it stake in company

KEC International is currently trading at Rs. 72.60, up by 0.85 points or 1.18 % from its previous closing of Rs. 71.75 on the BSE. The scrip opened at Rs. 71.50 and has touched a high and low of Rs. 72.60 and Rs. 70.30 respectively. So far 18867 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 74.80 on 01-Apr-2014 and a 52 week low of Rs. 23.25 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs. 72.10 and Rs. 66.55 respectively. The current market cap of the company is Rs. 1840.75 crore. The promoters holding in the company stood at 48.16% while Institutions and Non-Institutions held 35.78% and 16.06% respectively. KEC International’s promoter Harsh Goenka has increased holding in the company to 1.53 per cent after acquiring 5.66 lakh equity shares of the company since April 4. Goenka, who also heads the RPG group of companies, acquired 99,967 shares of KEC International on April 4. He also bought a total of 4.66 lakh shares in two separate transactions on April 7 and on April 9. KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of power transmission, power systems, cables, railways, telecom and water.