KEI Industries: Aiming to recover in the second half
While business is going through a short term pain, valuations of KEI Industries are in a good shape
June 02, 2021 / 10:28 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
KEI Industries, which operates in cables and engineering space, apprehends that business activities — which were more or less normal in the fourth quarter of fiscal 2021 — will take time to improve.
Post the publication of fourth-quarter results, KEI Industries has indicated that business activities have once again been impacted in April to the extent of about 10 per cent and in May by around 20-25 per cent.
With Covid situation showing signs of improvement and lockdown restrictions expected to...