India's rising cables and wires supplies to meet strong demand, Motilal Oswal says

KEI Industries

13/06/2025 08:05

** Brokerage Motilal Oswal expects incremental supply from India's cables and wires makers to be absorbed by strong demand growth

** Indian companies well-placed in low-medium voltage cable and medium voltage cables amid global transmission and distribution investments - note

** Brokerage says Polycab India POLC.NS better-positioned on strong market leadership and higher margins than peers

** Motilal Oswal's rating for POLC at 'buy'

** Has 'neutral' on Havells India HVEL.NS, KEI Industries KEIN.NS, and R R Kabel RRKA.NS

** YTD, POLC down ~17%, KEIN down ~18%, HVEL down ~8%, and RRKA down ~5%

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))