UBS has initiated coverage on the cables and wires segment. Here's how the brokerage views the space.
The brokerage has set a target of Rs 6,150 for the stock.
The brokerage describes the stock as the only pure play in the cables and wires segment.
According to the brokerage, KEI is a consistent earnings compounder offering multiple triggers, with scope for market share gains in the branded housing wires and cables space.
The brokerage has assigned a 'buy' to the stock with a target of Rs 8,550.
The brokerage has described the company has a cyclical growth champion.