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BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside

Mumbai: BofA Securities initiated coverage on Polycab India and KEI Industries with Buy ratings, betting that strong demand for wires and cables and the companies' competitive positions will help them sustain faster growth despite rising competition.The brokerage set a price target of ₹11,000 for Polycab, implying 22% upside, and ₹6,300 for KEI, suggesting 14% upside.Polycab shares fell 0.4% to ₹9,035 on Thursday, while KEI gained 0.1% to ₹5,538.90.The brokerage values both stocks at 40 times t…

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Economic TimesLean R·1h ago
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
Mumbai: BofA Securities initiated coverage on Polycab India and KEI Industries with Buy ratings, betting that strong demand for wires and cables and the companies' competitive positions will help them sustain faster growth despite rising competition.The brokerage set a price target of ₹11,000 for Polycab, implying 22% upside, and ₹6,300 for KEI, suggesting 14% upside.Polycab shares fell 0.4% to ₹9,035 on Thursday, while KEI gained 0.1% to ₹5,538.90.The brokerage values both stocks at 40 times t…
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BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside

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BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside

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