KEI INDUSTRIES (KEI)
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breaking2 mentions16d ago
KEI Industries shares plunge 10% despite 29% Q2 profit jump
KEI Industries reported a 29% rise in Q2 profit and 39% revenue growth, but its shares tumbled as much as 10%, nearing a 52-week low. The company also highlighted record order book of ₹1,000 crore and expects export growth, though investors appear to be focusing on valuation or margin concerns.
breaking1 mention71d ago
BofA initiates Polycab, KEI coverage with buy ratings
The brokerage set a price target of ₹11,000 for Polycab, implying 22% upside, and ₹6,300 for KEI, suggesting 14% upside. Polycab shares fell 0.4% to ₹9,035 on Thursday, while KEI gained 0.1% to ₹5,538.90. The brokerage values both stocks at 40 times two-year forward earnings, or 1.5 standard deviations above their historical averages.
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