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Motilal Oswal Financial Services maintains a neutral stance on KEI Industries. The target price is set at Rs 3,000. KEI Industries faces potential competition from UltraTech Cement and Adani Group. Despite this, business fundamentals remain strong. The brokerage anticipates a 16% EPS CAGR over FY25-27E. The stock trades at 33x/28x FY26E/27E EPS. Promoters hold 35.02% stake, while FIIs own 25.
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