KEI Industries Limited up by 8.78%: Know the Stock Price! | Espresso


Espresso shot of the day – KEI Industries Ltd up by 8.78 percent

September 24, 2021
Espresso shot of the day – KEI Industries Ltd up by 8.78 percent

KEI INDUSTRIES LTD 979.25 (+8.78 %) BSE – INE878B01027 | 24TH SEPTEMBER 2021

KEI was established in 1968 as a partnership firm under the name Krishna Electrical Industries, with the prime business activity of manufacturing house wiring rubber cables. Today, it has grown into an empire with a global presence, offering holistic wire & cable solutions. Their products serve customers globally in over 45 countries, through a rich network of 5,000+ channel partners. KEI has always believed in the power of its human resources. Their family of 5,385 employees in various roles helps to render services effectively to their customers. Currently, they are headquartered in New Delhi, but they have over 38 branch offices and 21 warehouses across the country. It has taken them over 5 decades of commitment, perseverance and dedication to be a catalyst of power and achieve the global presence they currently have. The company offers an extensive range of cabling solutions. KEI manufactures and markets Extra-High Voltage (EHV), Medium Voltage (MV) and Low Voltage (LV) power cables. Serving both retail and institutional segments, KEI has emerged as a one-stop shop for products and services, with its growing presence in the Engineering, Procurement and Construction (EPC) services domain further strengthening its leadership position.

Recent Drivers

  • On Sept 17, 2021, the credit ratings agency ICRA upgraded its rating on the long-term and short-term bank facilities / debt instruments of the company. ICRA has upgraded the company's long-term rating to [ICRA] AA Minus from [ICRA] A Plus, the short-term rating to [ICRA] A1 Plus from [ICRA] A1 and the medium-term rating (the fixed deposit rating) to [ICRA] MAA Minus from [ICRA] MA Plus.
  • On Aug 12, 2021, the Share Allotment Committee allotted 2,46,000 equity shares of face value of Rs 2 each to the eligible employees under KEI Employees Stock Option Scheme – 2015 upon exercise of 2,46,000 options at an exercise price of Rs 225 per option / equity share.
  • On Aug 3, 2021, KEI reported quarterly net profit at Rs 67.1 crores in June 2021, up 85.23% from Rs 36.23 crores in June 2020.
  • On Aug 3, 2021, KEI reported net sales at Rs 1,017.56 crores in June 2021, up 36.52% from Rs 745.35 crores in June 2020.
(Sources: Business Standard, Moneycontrol, BSEIndia)

Technical Force*

  • S&P BSE 500 month till date gain up by 4.26%
  • Traded on all time high value: 994.25
  • 3 months avg. NSE volume: 6,80,708
  • Quantity traded: 1,51,456 | Deliverable quantity: 67,870 (44.81%)
  • Stock price has jumped more than 200% from one-year-low level: 319.3 (Oct 20, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 994.25 | 52-week-low: 319.3

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Some Key Ratios (Source: BSE)

Market Cap: 8,823.18 crores

PE: 28.93

OPM%: 11.45

ROE%: 17.11

Promoters holding%: 39.23

Prev. Close: 900.2

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.