KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 11549.70 Crore) operating in Power sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 4372.87 Crore, up 32.79 % from last quarter Total Income of Rs 3293.14 Crore and up 19.03 % from last year same quarter Total Income of Rs 3673.73 Crore. Company reported net profit after tax of Rs 194.30 Crore in latest quarter.
Investment Rationale
The share price of KEC logged a resolute breakout from three months consolidation (Rs 444-368) on the back of highest weekly volume since July 2017, indicating resumption of primary up trend that augurs well for next leg of up move.
Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of March 31, 2021, while FIIs held 10.8 per cent, DIIs 25.6 per cent and public and others 11.9 per cent.
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