KEI Industries gains on acquiring industrial plot from GIDC
KEI Industries is currently trading at Rs. 3973.20, up by 86.00 points or 2.21% from its previous closing of Rs. 3887.20 on the BSE.
The scrip opened at Rs. 3889.95 and has touched a high and low of Rs. 3986.35 and Rs. 3871.40 respectively. So far 2724 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4776.85 on 20-Aug-2024 and a 52 week low of Rs. 2443.70 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 3986.35 and Rs. 3594.35 respectively. The current market cap of the company is Rs. 37853.16 crore.
The promoters holding in the company stood at 35.02%, while Institutions and Non-Institutions held 49.34% and 15.64% respectively.
KEI Industries has acquired industrial plot admeasuring 45964.92 Sqm from Gujarat Industrial Development Corporation (GIDC) located at Plot No. 832 to 836 at Sanand-II, Industrial Estate, Ahmedabad, Gujarat. The company has acquired the Plot for an amount of around Rs 23.05 crore. The Plot will be used for future expansion.
KEI Industries is among India’s leading manufacturers and marketers of cables and wires, with a comprehensive product portfolio ranging from housing wires to Extra High Voltage (EHV) cables.
