Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The brokerage expects some retail market-share pressure but believes KEI can offset the impact through power transmission cables and exports, retaining its Buy rating on the stock.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.