Jitendra Kumar Gupta Moneycontrol Research Highlights - KEI’s June quarter performance was affected by Covid-19 - Pressure seen in EPC business but cables support overall profitability - Growth to resume in second half of current fiscal and see a strong rebound next year - Trading at reasonable valuations of 9 times fiscal 2022 earnings KEI Industries (CMP: Rs 377 Mcap: Rs 3373 crore), which makes cables, stainless steel wire and undertakes EPC projects, has been hit by the lockdown. Large parts of its business were affected in the June quarter...
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