Cables and wires stock turned multibagger with 318% return in 5 years; InCred sees 29% upside - Do you own? Target price
KEI Industries reported strong September-quarter results, with revenue up 39%, EBITDA up 40% and profit after tax up nearly 29%. InCred Equities upgraded the stock to Add. Check target price
KEI Industries shares ended lower on Friday, October 23, extending their correction over the past six months. Despite the recent weakness, the cables and electricals stock has delivered a nearly 318% return over the past five years. Brokerage InCred Equities has upgraded its outlook on the stock, citing the company's sustained growth guidance, margin expansion driven by a favourable product mix, and rising exports.The company has reported 28.94% annual jump in its consolidated net profit for the September quarter of financial year 2026-27.KEI Industries share price outlookKEI Industries reported 39% annual growth in revenue, 40% surge in EBITDA, and around 29% jump in profit after tax (PAT).
