In the past one month, the stock price of RR Kabel surged 21 per cent, as against 2.5 per cent rise in the BSE Sensex.
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.
Motilal Oswal Financial Services has maintained a 'Neutral' rating on R R Kabel with a target price of ₹2,020 per share
The W&C business remained the key growth driver, delivering strong growth across domestic and export markets with healthy profitability despite volatility and challenges due to recent global conflicts
Infrastructure development, housing growth, electrification and the ongoing shift towards organized and compliant products continue to support the demand, said RR Kabel.