These are top 10 stocks traded on the Robinhood UK platform in July
Investing.com - Goldman Sachs has raised its price target on KEI Industries Ltd (NS:KEII) to INR4,000 from INR3,690 while maintaining a Buy rating on the stock.
The firm cited KEI Industries’ strong volume growth of 28-30% as a positive surprise, exceeding Goldman’s mid-teens growth expectations for cable and wire companies during the quarter. Export performance provided additional support to what Goldman described as an already healthy demand environment.
Goldman Sachs expects KEI’s growth momentum to continue for the next 4-6 quarters, driven by improved export commentary, a large number of certifications and applications, and higher capacity available following expansion.
The firm anticipates margins will increase as the export mix and extra-high voltage (EHV) capabilities improve, though this will be partially offset by rising competitive intensity in the sector.
KEI Industries is an Indian manufacturer of cables and wires, with product lines including power cables, control cables, and house wires.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.