Jefferies has maintained its buy rating on KEI Industries, increasing the target price to Rs 5,720 from the previous Rs 5,365. Despite a weak quarter, the brokerage expects a recovery ahead, driven by positive developments in the company’s power transmission and distribution (T&D) orders over the next 12-18 months.
KEI’s management has maintained its FY25 revenue and margin guidance, and Jefferies remains optimistic about the company’s positioning, describing it as a holistic play on power, capex, and exports.
The current market price (CMP) for KEI Industries stands at Rs 4,354.
Disclaimer: This article is for informational purposes only and does not provide investment advice. Investors should consult with a financial advisor before making any investment decisions. Neither the publication nor the author holds any responsibility for investment outcomes based on the information provided.
