KEC International’s stock dipped 3.5% despite securing Rs 1,114 crore in new orders across various segments. The company’s MD expressed satisfaction with the contracts, highlighting growth in the Middle East and technologically advanced metro projects. Analysts maintain a ‘Buy’ rating, even though the stock has significantly surged in 2024.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction