The KEI Industries stock has had a dream run, up nearly 200 percent in the last one year. Motilal Oswal has also turned positive on the stock, betting big on their retail business.
In an interview with CNBC-TV18, Anil Gupta, CMD of KEI Industries spoke about the latest happenings in his company and sector.
Retail business will be growing around 30 percent this year and is likely to exceed Rs 1,100 crore in the whole financial year, he said.
This year we are likely to achieve 25 percent growth in value terms but in volume terms it may be within 15 percent, he added.
According to him, the company has a very strong booking for exports for the next 4-5 months and the outlook is also strong for the inflow of the new orders.
Our aim is to increase the retail business share to 40 percent by 2020, said Gupta.
On expansion, he said that geographically we are present practically in entire India. We are setting up a low-voltage cable facility which will be operational by April.
Capacity utilization in house wires is at 70 percent currently, he further mentioned.
For full interview, watch accompanying video...
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