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Moneycontrol Pro Ideas For Profit: KEI Industries sees strong revival in Q3; here’s how to trade the stock

Updated : March 05, 2021 12:32 PM IST

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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Disclaimer: The views and investment tips expressed by investment experts are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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