Shares of KEI Industries have rallied 12.9% this week, closing at ₹3,844.45 on Friday. The stock saw strong upward momentum following bullish commentary from Morgan Stanley, which initiated an Overweight rating with a target price of ₹4,391. The brokerage firm highlighted KEI’s strong cables and wires (C&W) franchise, favorable domestic growth drivers, and increasing export demand.
Morgan Stanley noted that KEI Industries stands to benefit from the “Future of Energy” theme, with rising investments in electrical infrastructure and an expanding global footprint. The company’s strategic capex plans and leadership in the cables and wires segment position it well for sustainable long-term growth.
The brokerage forecasts a robust 23% compounded annual growth rate (CAGR) in earnings over FY25-28, citing KEI’s improving business model, supply chain strength, and a strong order pipeline. With favorable industry dynamics and a strategic expansion roadmap, KEI Industries is expected to maintain its leadership position in the sector.
KEI Industries stock performance this week:
| Date | Open (₹) | Close (₹) | Change (%) |
|---|---|---|---|
| Feb 21, 2025 | 3,739.10 | 3,844.45 | +3.00% |
| Feb 20, 2025 | 3,570.00 | 3,732.45 | +4.59% |
| Feb 19, 2025 | 3,380.00 | 3,568.60 | +4.85% |
| Feb 18, 2025 | 3,410.35 | 3,403.60 | -1.27% |
| Feb 17, 2025 | 3,399.00 | 3,447.25 | +1.04% |
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