KEI Industries shares rise over 2% after solid Q4 earnings

KEI Industries share price NSE, BSE: KEI Industries, with a market worth of Rs 36,234, has a 52-week high of Rs 4,114.95 and a low of Rs 1,801.10.
After reporting good Q4 results 2024, KEI Industries Limited shares rose over 2% in opening session on Friday, May 3.

The counter opened at Rs 4080 and reached Rs 4,100, a 2.59 percent gain. The counter traded at Rs 4,008 at 11.45 am, up 0.30 percent from the BSE close.

With a market valuation of Rs 36,234, KEI Industries shares have a 52-week high of Rs 4,114.95 and a low of Rs 1,801.10.

The shares are up 25% this year. The last year they gained around 117% and the two years around 219%.

KEI Industries Q4 Results
The corporation recorded a 22% YoY increase in consolidated earnings. Profit rose to Rs 168.59 crore in the fourth quarter of FY24 from Rs 138.10 crore the year before.

Operating revenue climbed to Rs 2319.2 crore in Q4FY24 from Rs 1,952.93 crore the year before.

In early trade on Friday, equity benchmark indices rose, with the Nifty touching a new all-time high as Bajaj Finance shares rose and US markets rose.

Early trade saw the 30-share BSE Sensex rise 470.92 points to 75,082.03. The NSE Nifty reached a record 22,787.70 after rising 139.5 points.