Power Sector Stock Sets Aug 22 As Record Date For Rs 4/Share Dividend, PL Assigns Hold Call

Mid cap company from the power sector, KEC International today fixed August 09, 2024 as the record date for final dividend of Rs 4/- per equity share for the FY ended March 31, 2024. Last trading price of KEC International shares on BSE is Rs 874.65 per share. KEC International shares declined 1.35% in last 1-month, gained 40% in last 6-months, and rose 90% in last 2-years. Its market capitalisation stood at Rs 22,486.23 crore. The PE of KEC International is 152.44 and ROE is 3.62. Check details given below:

KEC International Declares Record Date For Bonus Share: As per the regulatory filing of KEC International issued as on July 29, 2024, "The Board of Directors at its meeting held on Tuesday, May 07, 2024, had recommended a final dividend of Rs. 4/- per equity share of Rs. 2/- each of the Company for the financial year ended March 31, 2024, for approval by the Members at the Nineteenth Annual General Meeting ("AGM") which is scheduled to be held on Thursday, August 22, 2024. The Company has fixed Friday, August 09, 2024, as the Record Date for determining entitlement of Members to final dividend, if approved by the Members at the AGM."

KEC International Share Performance: The 52-week high price of KEC International shares on BSE is Rs 968.20 per share (as on 03/07/2024) and 52-week low price is Rs 551.00 per share (as on 08/11/2023), respectively. KEC International shares gave return of 38% in last 1-year, soared 104% in last 3-years, and rallied 178% in last 5-years.

KEC International Financials: The leading electric transmission tower manufacturer declared a jump of 109.52% in its net profit at Rs 88 crore for the quarter ended June as against Rs 42 crore declared in the corresponding quarter of last year. The company recorded a jump of 6.3% in its revenue to Rs 4512 crore as compared to Rs 4244 crore announced in the corresponding quarter of last year. Its operating income also known as EBITDA rose 10.6% to Rs 270 crore while EBITDA margin reported at 6%.

KEC International declared plans to raise approximately Rs 6,000 crore via qualified institutional placement (QIP) and issuance of non-convertible debentures (NCDs).

About: KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. The Company is currently executing infrastructure projects in 30+ countries and has a footprint in 110+ countries (includes EPC, Supply of Towers and Cables). It is the flagship Company of the RPG Group.

Disclaimer: The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.