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KEI INDUSTRIES Plunges by 5%; BSE POWER Index Down 1.6%

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KEI INDUSTRIES Plunges by 5%; BSE POWER Index Down 1.6%
Wed, 8 May 03:34 PM

KEI INDUSTRIES share price has plunged 5% and is presently trading at Rs 392.

Meanwhile, the BSE POWER Index is at 1,954 (down 1.6%).

Among the top losers in the BSE POWER Index today are KEI INDUSTRIES (down 5.2%) and SUZLON ENERGY (down 5.5%).

CG POWER & INDUSTRIAL (up 6.4%) is among the top gainer today.

Over the last one year, KEI INDUSTRIES has moved down from Rs 428 to Rs 392, registering a loss of Rs 37 (down 8.6%)..

The BSE POWER has moved down from 2,202 to 1,954, loss of 248 points (down 11.3%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 64.2%), ADANI TRANSMISSION (up 23.3%) and ABB INDIA (up 13.1%).

What About the Benchmark Indices?

The BSE Sensex is at 38,249 (down 1.3%). The top gainers among the BSE Sensex stocks today are TCS (up 0.3%) and HCL TECHNOLOGIES . The most traded stocks in the BSE Sensex are TCS and HCL TECHNOLOGIES.

In the meantime, NSE Nifty is at 11,479 (down 1.2%). UPL (up 1.2%) and HINDALCO (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,208 to 38,249, registering a gain of 3,041 points (up 7.3%).

KEI INDUSTRIES Financial Update...

KEI INDUSTRIES net profit stood at Rs 484 million for the quarter ended December 2018, compared to a profit of Rs 390 million a year ago. Net Sales rose 22.4% to Rs 10.9 billion during the period as against Rs 8.9 billion in October-December 2017.

For the year ended March 2018, KEI INDUSTRIES reported 54.3% increase in net profit to Rs 1.4 billion compared to net profit of Rs 938.0 million during FY17.

Revenue of the company grew 23.7% to Rs 35 billion during FY18.

The current Price to earnings ratio of KEI INDUSTRIES, based on rolling 12 month earnings, stands at 17.0x.

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