KEI Industries - CMP-Rs328, Target Price-Rs394 - Angel Broking

Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

"KEI Industries Ltd (KEI) is engaged in manufacturing and supply of power and other industrial cables. The company is also engaged in Engineering, Procurement and Construction (EPC) business. Going forward, we expect KEI Industries to report healthy top-line & bottom-line growth mainly due to (a) higher order book (~Rs3,000cr) execution in the EPC segment; (b) Strong growth in EHV business and (d) higher exports. In the last 15 days, the stock has corrected ~13-15% which provides buying opportunity to investors."

Shares of KEI INDUSTRIES LTD. was last trading in BSE at Rs.359.25 as compared to the previous close of Rs. 369.05. The total number of shares traded during the day was 9518 in over 606 trades.

The stock hit an intraday high of Rs. 368.6 and intraday low of 355.95. The net turnover during the day was Rs. 3424582.

Source : Equity Bulls

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