KEI Industries’ stock jumped 5% after Morgan Stanley initiated an Overweight rating with a target price of ₹4,391, citing strong fundamentals and multiple growth drivers. As of 9:25 AM, the shares were trading 4.96% higher at Rs 3,917.55.
The brokerage highlighted KEI’s robust cables and wires (C&W) franchise, positioning it as a key player in the Future of Energy theme. With increasing domestic and export demand, KEI’s strategic capex plans are expected to drive long-term growth.
Morgan Stanley forecasts a 23% earnings CAGR over FY25-28, supported by KEI’s market leadership, strategic initiatives, and favorable industry dynamics. The company is well-placed to capitalize on the current multipolar manufacturing landscape, boosting its export potential.
KEI Industries’ stock opened at ₹3,739.10, reaching a high of ₹3,932.35 and a low of ₹3,735.00. The stock remains volatile, trading between its 52-week high of ₹5,039.70 and a low of ₹2,900.10.
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