KEI Industries shares fell by 4.83% to ₹4,172.95 as of 9:29 AM on Thursday, with the stock opening at ₹4,419.95 and reaching a low of ₹4,162.25. The decline comes after a recent brokerage report that highlighted challenges in the company’s near-term growth, likely contributing to the stock’s sharp fall.
In the brokerage report, Jefferies maintained a buy rating but pointed out a weak quarter for KEI, while projecting a recovery ahead. The brokerage also noted subdued growth in the near term due to large client issues and emphasized the balanced risk-reward outlook for the stock.
The stock’s previous close was ₹4,384.80, and over 4.83% of its value has been wiped out in early market trading.
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