KEC International wins Rs 2,872 crore Power Grid order

KEC International secured Rs 2,872 crore in Power Grid orders, taking FY27 order intake above Rs 13,500 crore. The stock closed near its 52-week low. KEC International Limited [

] announced orders worth Rs 2,872 crore from Power Grid Corporation of India on October 24, 2026. The orders are for 765 kV transmission lines linked to the evacuation of 8.5 GW of renewable energy from Gujarat. The latest order takes the company's year-to-date order intake above Rs 13,500 crore. The stock closed at Rs 327.75 on Friday, October 23, between support at Rs 312 and resistance at Rs 345. However, the technical structure remains weak, with the share price declining approximately 75% from its peak of Rs 1,313 and forming lower highs and lower lows. The stock has also recorded six consecutive sessions of losses. The daily Relative Strength Index (RSI) stands at 24.62, indicating oversold conditions. However, oversold readings can persist during a strong downtrend. An earlier order-led rally of around 5% on October 9 also failed to sustain, with the gains fading over the following sessions. Technical View: The order announcement may influence sentiment when trading resumes on Monday. A sustained move above Rs 345 could ease near-term selling pressure, while a breakdown below Rs 312 may expose the stock to further weakness. Conclusion: The fresh order win is a positive business development, but the technical trend remains bearish. A cautious stance is warranted until the stock shows signs of recovery above Rs 345. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.