KEI Industries shares gain over 2% after strong Q4 results - Details

KEI Industries share price NSE, BSE: Shares of KEI Industries Limited gained over 2 per cent in morning trade on Friday i.e. May 3 after the company declared strong Q4 results 2024. 

The counter opened at Rs 4080 and touched the day's high of Rs 4,100 - a gain of around 2.59 per cent. At around 11.45 am, the counter was trading at Rs 4,008 - up 0.30 per cent from the previous close on the BSE. 

The shares of KEI Industries, which has a market cap of Rs 36,234, have a 52-week high of Rs 4,114.95 and a 52-week low of Rs 1,801.10.

The shares have rallied 25 per cent so far this year. they have gained over 117 per cent in the last year and around 219 per cent in two years. 

KEI Industries Q4 Results

Earlier, the company reported a 22 per cent year-on-year (YoY) rise in consolidated profit. The company's profit surged to Rs 168.59 crore in the fourth quarter of FY24 from Rs 138.10 crore in the same quarter last year.

The company's revenue from operations rose to Rs 2319.2 crore in Q4FY24 from Rs 1,952.93 crore in the year-ago quarter.

Meanwhile, Equity benchmark indices climbed in early trade on Friday, with the Nifty reaching its fresh all-time peak, following a rally in shares of Bajaj Finance and positive trends from the US markets.

The 30-share BSE Sensex jumped 470.92 points to 75,082.03 in early trade. The NSE Nifty climbed 139.5 points to hit a record peak of 22,787.70.