Moneycontrol PRO

Buy KEI Industries: target of Rs 909: Sharekhan

Sharekhan is bullish on KEI Industries has recommended buy rating on the stock with a target price of Rs 909 in its research report dated August 02, 2021.

August 10, 2021 / 08:55 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on KEI Industries

KEI reported better than expected performance for Q1FY22 led by strong growth in cables and stainless steel wire segment. Low EPC sales mix leads to lower working capital needs. Management retains FY2022 revenue growth of 18-20% with sustainable margins of 11% and a similar range in revenues and margins in consecutive years. Focus on expanding retail franchise and EHV business while EPC business to be scaled down.


We retain Buy rating KEI Industries Limited (KEI) with a revised PT of Rs. 909, given its positive outlook going ahead and reasonable valuation.


For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 10, 2021 08:55 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark