JM Bullish on Cable & Wire Stocks

  Published 8 months ago

JM Financial sees exports boosting the Indian cable and wire sector, initiating coverage on Polycab, KEI, and RR Kabel with "buy" ratings.

  • The sector is set to grow 12% CAGR to ₹1,253 billion by FY28, driven by China+1 and global demand.
  • Organised players like Polycab, KEI are to gain market share as new entrants pressure smaller, unorganised firms.
  • YTD, KEI down 12.5%, Polycab 4.6%, RR Kabel 4%; stocks rise to 4% on the report.

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