📰 ET Markets ⚪ NEUTRAL 🕒 11 Sep 2026, 02:17 PM IST

Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?

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Market & Financial Impact: Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The brokerage expects some retail market-share pressure but believes KEI can offset the impact through power transmission cables and exports, retaining its Buy rating on the stock.

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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

The brokerage, however, retains a Buy call on the stock.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?

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