KEI Industries was hit due to pandemic-led stress but has seen a strong business revival in Q3 aided by higher demand. The company has also seen improved margins due to higher utilisation and cost control.
The cables business which accounts for 75 percent of the revenue, has seen quarterly revenue reaching pre-COVID levels. While the engineering business is moving slow, opportunities in the segment are opening up because of the government’s focus on infrastructure.
The company has an order book of close to Rs 2,611 crore which is about 50 percent of annual consolidated revenue.
In the special segment ‘Moneycontrol Pro Ideas For Profit’, moneycontrol.com’s Jitendra Gupta gets details on how the stock is expected to perform going forward.
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