Hot Pursuit     03-Feb-17
KEI Industries gallops after posting robust Q3 results
KEI Industries galloped 14.11% to Rs 163.80 at 14:00 IST on BSE after net profit jumped 82.91% to Rs 27.18 crore on 27.47% rise in total income from operations to Rs 765.94 crore in Q3 December 2016 over Q3 December 2015.
The result was announced after market hours yesterday, 2 February 2017.

Meanwhile, the BSE Sensex was down 62.83 points, or 0.22%, to 28,163.78.

A spurt in volumes was witnessed on the counter. On the BSE, so far 5.85 lakh shares were traded in the counter, compared with average daily volumes of 1.19 lakh shares in the past one quarter. The stock had hit a high of Rs 168.50, which is also a 52-week high for the stock. The stock hit a low of Rs 151.40 so far during the day. The stock had hit a 52-week low of Rs 86 on 29 February 2016.

The stock had outperformed the market over the past one month till 2 February 2017, rising 15.02% compared with 6.13% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 20.33% as against Sensex's 2.54% gains.

The small-cap company has equity capital of Rs 15.56 crore. Face value per share is Rs 2.

KEI Industries said that pending order as on date is around Rs 3103 crore. Net profit margin has improved to 3.8% in Q3 December 2016 from 2.68% in Q3 December 2015.

KEI Industries is a cable manufacturing company. It offers high and low tension cables, control and instrumentation cables, house wires and stainless steel wires, and high-technology specialty cables.

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