KEI Industries slips to nine-month low as second-quarter margins contract

KEI Industries

22/10/2026 06:21

** KEI Industries KEIN.NS slumps 11.5% to nine-month low of 3,744.8 rupees
** Stock down for a fifth consecutive session
** Company's EBITDA margin contracts to 10.62% in second quarter from 11.43% a year ago, according to an investor presentation
** Revenue and profit up 38.5% and 29%, respectively, y-o-y
** Company's key cables and wires business margins were below estimate, says Motilal Oswal Financial Services
** More than 1.4 million shares change hands in less than couple of hours, ~3.3x of 30-day average daily volume
** KEIN rated "buy" on average by 23 brokerage firms, median PT at 5,821 rupees, per data compiled by LSEG
** Stock down 13.4%, YTD


 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))