India's KEI Industries rises on Q2 profit climb

KEI Industries

01/11/2023 08:09

** Shares of KEI Industries  KEIN.NS  up as much as 3.5% to
2,486.50 rupees
    ** Wires and cables maker posted a 19% Y/Y rise in Sept-qtr
consol net profit on increased sales; revenue from operations up
~9% Y/Y
    ** Over 515,000 shares change hands as of 01:35 p.m. IST,
nearly twice the 30-day moving average
    ** Eight of 13 analysts rate the stock "buy" or "strong
buy", while five rate it "hold"; median PT is 2,594 rupees -
LSEG data
    ** Stock last up 3.3%, extending YTD gains to ~70%
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))