India's KEC International rises on winning order worth 17 bln rupees
** Shares of KEC International KECL.NS rise 7% to record high of 1,094.7 rupees in early trade, before trimming gains to 4.9%
** Engineering and construction co gets order worth 17.04 bln rupees ($201.8 mln) from Power Grid Corporation of India PGRD.NS to install 765 kV transmission lines and GIS substations
** Stock has traded above its 200-day SMA since Nov 2023, indicating bullish sentiment
** More than 1.2 mln shares traded, 1.6x 30-day moving avg
** Avg rating of 23 analysts covering the stock is "buy," but median PT of 1,002.5 rupees is ~6.4% lower than current price - LSEG data
** KECL extends YTD gains to ~82%
($1 = 84.4540 Indian rupees)
Reporting by Anuran Sadhu in Bengaluru
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