The brokerage has reiterated 'Buy' on Polycab India (target ₹9,110) and KEI Industries (target ₹4,960) and a 'Neutral' rating on Havells India (target ₹1,640) and R R Kabel (target ₹ 1,470)
Stocks to watch on December 11: Puravankara, Petronet LNG and Prestige Estates are among other top stocks to track today
The Cables & Wires (C&W) segment, which is KEI Industries' growth engine, saw revenues rise 23 per cent Y-o-Y, marking a six-year compound annual growth rate (CAGR) of 17 per cent.
Stocks to watch today: Angle One, KEI Industries, Jyoti Structures and KEC International are among other top stocks to track today:
Chandan Taparia of Motilal Oswal recommends buying KEI Industries, Sammaan Capital and Samvardhana Motherson, decodes Nifty strategy
Hero MotoCorp (HMCL) reported a strong start to the festive season with robust traction across dealerships and expects record festive sales.
Polycab has established itself as a clear leader in the domestic organised C&W market with ~26-27 per cent share, up from ~18-19 per cent in FY20.
KEI Industries' share price declined today despite reporting healthy year-on-year (Y-o-Y) growth, as investors reacted negatively to the company's weak sequential (Q-o-Q) in Q1FY26.
Rising trend of energy consumption coupled with ongoing urbanisation and robust expansion of data centres and electric vehicles (EVs), the future growth trajectory of the C&W sector looks promising