[ad_1] Brokerage firm Goldman Sachs on Monday, March 17, downgraded shares of Polycab India Ltd and cut its price target on both Polycab and its peer KEI Industries by 23% and 17% respectively. Goldman Sachs downgraded Polycab to “neutral” from its earlier rating of “buy” and cut its price target to ₹5,005 from ₹6,510 earlier, […]
Will UltraTech’s commentary be enough to arrest the slide in the stock? – CNBC TV18
[ad_1] India’s largest cement manufacturer UltraTech Cement Ltd. shared more details about its cables and wires foray on Friday, putting the spotlight on the stock yet again after a sharp sell-off on Thursday and Friday. UltraTech’s ₹1,800 crore planned foray into the cables and wires space led to a loss of nearly $4 billion in […]
UltraTech’s entry into cables and wires may impact RR Kabel, Finolex: Elara Capital – CNBC TV18
[ad_1] The entry of Aditya Birla Group’s flagship company, Ultratech Cement, into the cables and wires sector may impact existing players such as RR Kabel and Finolex Cables, according to Harshit Kapadia, Vice President-Analyst at Elara Capital. “If we get a sense from the Ultratech itself, then we get an intention of how aggressive they can […]
Trade Setup for February 28: Will the March series bring some respite for the Nifty bulls? – CNBC TV18
[ad_1] The Nifty has lost more than 3,000 points over the last five F&O series, during which it has delivered negative returns. It is the first time since 1996 that the Nifty has declined for five months in a row. The index has managed to hold on to 22,500 on the downside after two quiet, […]
Wires and Cables stocks lose $3.6 billion on UltraTech’s $200 million foray – CNBC TV18
[ad_1] Shares of India’s five wires and cables companies – Polycab India Ltd., Havells India Ltd., KEI Industries Ltd., Finolex Cables Ltd. and RR Kabel Ltd. have lost over ₹33,000 crore ($3.8 billion) in market capitalisation on Thursday, February 27, after India’s largest cement company, UltraTech Cement, announced a foray into the segment. Shares of […]
Polycab, Havells, KEI and other wires and cable stocks should be on your radar today; Here’s why – CNBC TV18
[ad_1] Wires and Cable stocks like Polycab Ltd., Havells India Ltd., KEI Industries Ltd., RR Kabel Ltd. and Finolex Cables Ltd. should be in focus on Thursday, February 27, after India’s largest cement company, UltraTech Cement Ltd., announced a foray into this space on Tuesday. UltraTech Cement on Tuesday announced that it proposes to extend […]
KEI Industries shares have multiple growth drivers to trigger an 18% upside: Morgan Stanley – CNBC TV18
[ad_1] Brokerage firm Morgan Stanley has initiated coverage on cables and wires manufacturer KEI Industries Ltd. with an “overweight” rating on Friday, February 21. Morgan Stanley has a price target of ₹4,391 on KEI Industries, which has a potential upside of 18% from Thursday’s closing levels. The brokerage cites multiple growth drivers for KEI Industries […]
Industrial stocks are down nearly 50% from their peak; check four top picks from Jefferies – CNBC TV18
[ad_1] Brokerage firm Jefferies has cited Siemens Ltd., Thermax Ltd. Larsen & Toubro Ltd. and Hindustan Aeronautics Ltd. (HAL) among its top picks within the industrial stocks. Company Value Change %Change Shares of these industrial names are down between 15% to 45% from their respective record high levels. While L&T shares are down 17% from […]
Top stock picks | Bajaj Finserv, HUL and Kalyan Jewellers on the radar – CNBC TV18
[ad_1] 1 / 7 Technical analyst Mitessh Thakkar of earningwaves.com shares these top stock picks for the day. 2 / 7 Buy for a target price of ₹595 with a stop loss of ₹560 Analyst: Mitessh Thakkar of earningwaves.com at 9:15 am 3 / 7 Sell for a target price of ₹3,780 with a stop […]
KEI Industries raises ₹2,000 crore via QIP — Four funds get nearly 60% of shares – CNBC TV18
[ad_1] KEI Industries Ltd. announced on Thursday, November 28, that it has closed its Qualified Institutional Placement (QIP) through which it planned on raising funds. The board of KEI Industries has approved the issue of 52.63 lakh equity shares to 104 qualified institutional buyers. The issue price of the QIP has been fixed as ₹3,800 […]