KEC International saw its stock rise by 2.92% to ₹1,011.40 on the NSE at 9:22 AM after the company announced the launch of a Qualified Institutional Placement (QIP) to raise up to ₹870 crore. The indicative issue price for the QIP is set at ₹955 per share, which is drawing strong interest from investors. The fundraising move is expected to support KEC’s strategic initiatives and enhance its financial flexibility.
The stock opened the day at ₹985.05 and quickly moved to a high of ₹1,029.90, reflecting strong market confidence. On the lower end, the stock touched ₹985.05 during early trading. In comparison, the stock had closed at ₹982.75 in the previous session.
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KEC International