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HomeFinanceJefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?
Finance2h ago

Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?

Economic Times — Markets
Economic Times — Markets✓
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Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?

Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The brokerage expects some retail market-share pressure but believes KEI can offset the impact through power transmission cables and exports, retaining its Buy rating on the stock.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.

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Economic Times — Markets

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