Indian markets rallied on Monday after the government proposed major GST reforms, replacing 12% and 28% slabs with 5% and 18%. The Nifty 50 rose 1.51% to 25,003.9, while the Sensex gained 1.34% to 81,682.61.
Meanwhile, in the stock-specific region, KEC International Ltd., a global infrastructure Engineering, Procurement and Construction (EPC) major and a flagship company of the RPG Group, announced that it has secured new orders worth a substantial ₹1,402 Crores across its diverse business verticals. These new orders were received in the normal course of business.
The orders span across KEC International's key segments, reinforcing its position in both domestic and international markets.
In the India T&D business, the company has expanded its customer base by securing a prestigious order from a reputed private player. With new order additions, the company’s YTD (Year-to-Date) order intake has surpassed ₹8,400 crores.
On Monday, KEC International share price jumped over 6% as the company received new work orders. As of 10:35 am, the stock price was trading at ₹823.15 per share, up by 5.82%. The stock price has bounced back from a 2-month low. In the last 6 months, the stock has jumped over 14%.
Disclaimer: The article is for informational purposes only and is not investment advice.
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