India's KEI Industries gains on higher quarterly profit
04/08/2026 07:07
BUZZ-India's KEI Industries gains on higher quarterly profit ** Shares of India's KEI Industries KEIN.NS rise as much as 7.8% to 5,414 rupees, their highest level since July 1, 2026; last up 6.4% at 5394.80 rupees
** Stock on track for biggest percentage gain in six months
** Cables and wire maker reports June-quarter consol net profit increase of 39.8% Y/Y to 2.74 billion rupees ($28.74 million)
** Consol revenue from operations rises 23% Y/Y
** More than 1.5 million shares change hands, about 4.3x the 30-day average volume
** Stock rated "buy" on average by 24 analysts; median PT is 5,319 rupees - LSEG compiled data
** Stock up 21% YTD
($1 = 95.3325 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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