In the past six months, the market price of RR Kabel zoomed 60%, while Polycab India and KEI soared 41% and 38%, respectively, as against a 9% decline in the BSE Sensex.
Jefferies' top picks include Siemens Energy (SE), Hitachi Energy (Hitachi), Hindustan Aeronautics (HAL), Bharat Electronics (BEL), KEI Industries, and Larsen & Toubro (L&T)
Hindalco, KEI Industries, Polycab, Apollo Hospital, Anand Rathi Wealth, GE Vernova T&D, Manappuram Finance, Navin Flurochemicals, Torrent Pharma and J B Chemicals hit fresh life-time highs on Monday.
Infrastructure development, housing growth, electrification and the ongoing shift towards organized and compliant products continue to support the demand, said RR Kabel.
After completing the Sanand project and the strong demand in domestic and overseas markets, the KEI management is hopeful to grow more than 20% CAGR in next 3 to 4 years.
Here is the complete list of stocks that will remain in focus during today's trading session following their announcement to reward shareholders with dividends
For the quarter, KEI reported revenue of ₹2,950 crore, broadly in line with JM Financial's estimate but around 4 per cent lower than consensus.
Analysts at JM Financial seen strong C&W demand from institutional players; but caution that a correction in copper prices could pose a risk to primary off-take for these companies.