The shares of this microcap stock, primarily engaged in the business of providing EPC services to government authorities and private entities, hit a 5 percent upper circuit on Friday after bagging multiple work orders worth over Rs 14 crore.
Stock Movement
With a market capitalization of Rs 215.80 crore, Kay Cee Energy & Infra Limited was locked in a 5 percent upper circuit at Rs 196.90 per share in Friday’s trading session as compared to its previous closing price of Rs 187.55 per share.
What Happened
Kay Cee Energy & Infra Limited received a work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited for a consideration of Rs 9.3 crore. The project involves setting up the third phase of a 132 kV double-circuit (D/C) power line on existing towers for the Modak–Ramganjmandi Railway TSS line.
It also includes extending this line from the current TSS to a new one. This will be done by laying 132 kV underground cables (400 sq mm, with each circuit having 3 phases + 1 spare) as deposit works of railway including detailed route survey, laying and installation of cable and lattice tower along with associated accessories/items and civil works. The contract is to be executed within 9 months from the date of acceptance.
Additionally, the company recently received an order of Rs 5.4 crore from the Engineering Branch of the Palakkad Division, Railway Divisional Office, Kerala. The project involves constructing side pathways over major bridges with steel girders in the Palghat Division.
The contract is to be executed within 12 months from the date of acceptance.
Company Overview
Kay Cee Energy & Infra Limited is an Indian EPC company engaged in the business of construction and commissioning of power transmission and distribution systems. The company caters to both government authorities as well as private entities. Its services include handling, erection, testing, and commissioning of equipment and materials.
Financials
When looking at the financial performance of the company, Kay Cee Energy & Infra Ltd reported a 58 percent increase in its revenue from Rs 24 crore to Rs 38 crore in H1 FY24-25. This was accompanied by approximately 80 percent growth in net profits from Rs 2.8 crore to Rs 5 crore.
Written by Shwetha Sairam
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
