KEI Industries Ltd (KEI): Play on Power and Industrial capex



Thanks to : Indiainfoline


KEI Industries Ltd (KEI)

CMP Rs111, BUY

Target price Rs166, Upside 50%

 

KEI Industries, the largest listed cable manufacturer, is a play on the two hot investment themes of power and infrastructure. It is currently operating in a business where there is strong product demand, low supply risk, negligible threat from China and predictable profitability. Driven by capacity expansions, company is set to grow at 44% in revenues and 46% in net profits between FY07-09. At CMP of Rs111, valuations are attractive at 10x FY09 EPS. We recommend a BUY with a one-year target price of Rs166 implying 50% upside.

 

Click below for the detailed report on KEI Industries Ltd.

www.indiainfoline.com/adserver/InverstorReport_kei080108.asp 

 

 

Warm Regards,

 

India Infoline Research Team


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