VERIFIEDEconomic Times News·11 Sept 2026neutral

Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?

AI Summary

·Jefferies reduced KEI Industries' target price by 11% to Rs 6,150.
·The brokerage cited concerns over UltraTech Cement's entry into the wires and cables market.
·Jefferies expects retail market share pressure but believes KEI can mitigate this through power transmission cables and exports.