Exports, recovery in smaller cities bring respite for KEI Industries
The management’s interactions with analysts at Jefferies India indicate better recovery in tier II and smaller cities
KEI saw substantial export sales in May and cables sales to institutional customers also picked-up from last month
MUMBAI: Shares of cables and wires manufacturer KEI Industries Ltd extended gains, rising 2.8% on Wednesday. It is still one-third lower than its peaks in January. But the recent recovery, with the stock up 29% in June, reflects the improvement in business environment.
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