May 22, 2019 / 5:44 AM / 4 months ago

BUZZ-India's KEI Industries hits over 9-month high on strong Q4 profit growth

** Shares of KEI Industries Ltd rise as much as 8.7% to 452.95 rupees - highest since August 2018

** Power cable manufacturer’s March-qtr net profit jumps 21% to 599.3 mln rupees ($8.60 mln)

** Revenue from operations gains 22.2% to 12.6 bln rupees

** Up to last close, shares of KEI Industries had risen 16% this year, while those of its peers Universal Cables Ltd and Birla Cable Ltd fell 25% and 48.5%, respectively, in the same period ($1 = 69.7125 Indian rupees) (Reporting by Harish Bhaskar in Bengaluru)

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