KEI Industries Ltd Share Price (KEI)

KEI Industries Receives Buy Rating from Motilal Oswal - 15 Apr, 2024

Motilal Oswal has initiated coverage on KEI Industries with a Buy rating and target price of Rs 5,000. The brokerage expects the company to benefit from favorable industry trends and report healthy earnings growth over FY24-26.

KEI Industries Ltd Stock Price Surges by 33% in a Month - 13 Apr, 2024

KEI Industries Ltd stock price has surged by 33% in the last month and 128% in the last year. The company's P/E ratio is high at 65.5x, but its earnings growth rate of 20% over the past year and estimated future growth rate of 28% justify it. Shareholders are confident about the company's future prospects.

KEI Industries Becomes Principal Partner of RCB in IPL 2024 - 10 Apr, 2024

Cable manufacturer KEI Industries has become a principal partner of Royal Challengers Bangalore (RCB) for three years, with its logo to be printed on the back of players' shirts. This strategic association is expected to create brand awareness and connect with audiences during IPL 2024.

KEI Industries Expects Higher Input Costs to Temporarily Affect Demand - 09 Apr, 2024

KEI Industries' CMD, Anil Gupta, expects higher input costs to impact demand temporarily but maintains an EBITDA margin guidance of 11% for the current financial year. The Silvassa facility is operational, and Pathredi will be fully operational by June-end. KEI's revenue grew 16%, and margins expanded by over 300 basis points to 10.5% in Q3 FY2024. Its shares have gained close to 116% in the past year.

KEI Industries Ltd Shows Positive Business Parameters - 07 Apr, 2024

KEI Industries Limited, engaged in manufacturing wires and cables, shows positive movements in operating revenues and after-tax profits. Goldman Sachs holds a 1% stake in the company.

KEI Industries' EPS Growth Lags Behind Share Price Increase - 25 Mar, 2024

KEI Industries managed to grow its earnings per share at 22% a year, lower than the 52% average annual increase in the share price. The market has a higher opinion of the business than it did five years ago, reflected in its fairly high P/E ratio of 56.10.

KEI Industries Enters Strategic Partnership with IPL Franchise - 22 Mar, 2024

Cable manufacturer KEI Industries has partnered with Indian Premier League franchise Royal Challengers Bangalore as a principal partner for three years. The company's stock has risen 112% over the past year, demonstrating impressive growth and profitability. With planned investments in capacity expansion and growing export presence, KEI Industries appears well-positioned for future growth.

KEI Industries Ltd Shares Dip by 1.45% - 18 Mar, 2024

KEI Industries Ltd shares were trading at Rs 3,169.90 per share, decreasing around 1.45% as compared to the previous closing price. The company's Q3FY24 revenue increased by 15%, and net profit increased by 17%. KEI Industries has a Piotroski score of seven.