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.
Infrastructure development, housing growth, electrification and the ongoing shift towards organized and compliant products continue to support the demand, said RR Kabel.
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.
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While the United States contributes just 2.5% to R R Kabel's revenue, it accounts for around 10% of its export income
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
The company's consolidated profit climbed to Rs 1.29 billion ($15.31 million) in the three months ended March 31 from Rs 787 million a year earlier
KEI Industries, Polycab India shares: KEI Industries share price plunged 14.5 per cent intraday to a low of Rs 2,802 per share. Polycab India share price, meanwhile, fell 9.6 per cent intraday
Shares of Polycab, KEI, Havells India and R R Kabel slumped up to 15% after UltraTech announced its foray into wires & cables segment with an investment of Rs 1,800 crore over the next 2 years
Revenue jumped 12.5 per cent to Rs 1,810 crore, while expenses grew to Rs 1,757 crore from Rs 1,520 crore, as raw material cost rose around 7 per cent
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Throughout the past six months, RR Kabel has demonstrated a promising performance, marked by strong growth in its sales volume
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RR Kabel's consolidated revenue from operations rose almost 20% to Rs 1,610 crore, offsetting a nearly 15% climb in total expenses, led by a spike in raw material costs
The stock hit a low of Rs 1,141 and a high of Rs 1,213 on the BSE. Shares worth nearly Rs 1,900 crore got traded on NSE and BSE of the company
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