KEI

** India's KEI Industries KEIN.NS climb 3% to 3,840 rupees, set for third straight session of gains

** Brokerage Morgan Stanley starts coverage on cables and wires maker with "Overweight" rating and PT of 4,391 rupees

** KEIN to benefit from its well-diversified channel mix in cables business revenue vs peers Polycab POLC.NS and R R Kabel RRKA.NS, with a balanced presence in retail, institutional, and exports, brokerage says

** Adds, KEIN to also benefit from rising share in exports, from 11% so far in FY25 to 15-17% in next 2-3 years

** Favourable government policies like boosting local manufacturing and minimising imports will benefit KEIN - Morgan Stanley

** Analysts' average rating on KEIN, POLC at "Buy"- LSEG data

** YTD, KEIN has fallen 13.4%, while POLC is down 21%

(Reporting by Kashish Tandon in Bengaluru)

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Feb 4 (Reuters) - KEI Industries Ltd KEIN.NS:

• GOT TAX ORDER FOR DEMAND 31.7 MILLION RUPEES

Source text: ID:nNSE60Jk1T

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Jan 21 (Reuters) - KEI Industries Ltd KEIN.NS:

• DIVIDEND OF 4 RUPEES PER SHARE

• DEC-QUARTER CONSOL NET PROFIT 1.65 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 24.67 BILLION RUPEES

Source text: ID:nNSE9hYhYG

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** KEI Industries KEIN.NS drops 5.8% to 4,417.60 rupees; set to snap 6-session winning run

** Wires and cables maker on track for worst day in about 3 months

** KEIN's Q2 profit rises, but EBITDA margins contract

** Motilal Oswal says margin contraction due to sharp fall in rev from highly profitable extra-high voltage cables business

** Q2 EBITDA margin dips to 10.42% vs year-ago 10.88%

** Stock biggest pct loser on Nifty 500 .NIFTY500 index, which is up 0.4%

** Stock rated "buy" on avg, same as smaller peer RR Kabel RRKA.NS - LSEG

** YTD, KEIN trims gains to ~36% but outperforms NIFTY500's 22.2% rise

(Reporting by Nandan Mandayam in Bengaluru)

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Oct 15 (Reuters) - KEI Industries Ltd KEIN.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.55 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 22.8 BILLION RUPEES

• RAISING OF FUNDS WORTH UPTO 20 BLN RUPEES VIA QUALIFIED INSTITUTIONS PLACEMENT

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** Shares of wires and cables maker KEI Industries Ltd KEIN.NS rise as much as 2.2% to 4,198.30 rupees

** HSBC hikes PT to 4,350 rupees from 4,000 rupees, maintains 'hold' rating; new PT is 5.6% higher than last close

** Expect 18% y/y growth in rev, driven by both retail and institutional business for Q2 FY25 - HSBC

** Adds, expect 18% y/y growth in PAT and 19% in earnings before interest, tax, depreciation, and amortisation for Q2 FY25

** Raise FY25-27 rev forecasts by 1-2% on higher commodity price assumptions - HSBC

** Mean rating of 15 analysts rating the stock is 'buy'; their median PT is 4,654 rupees; HSBC among 8 brokerages rating stock 'hold' - LSEG data

** KEIN gained 26.6% YTD so far

(Reporting by Meenakshi Maidas in Bengaluru)

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Sept 18 (Reuters) - KEI Industries Ltd KEIN.NS:

• APPROVES VOLUNTARY LIQUIDATION OF SUBSIDIARY KEI CABLES AUSTRALIA PTY LTD

Source text for Eikon: ID:nBSE8HQ4tC

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** Shares of KEI Industries KEIN.NS climb ~6% to 4,630 rupees

** Brokerage UBS initiates coverage on cables maker with "buy" and PT of 6,150 rupees, a Street-high per LSEG

** KEIN, which has highest presence in high-voltage wires segment (above 220kV), offers multiple near-term triggers such as sustained growth in domestic cable and wires segment, exports ramp up, says UBS

** UBS also started coverage on rival Polycab POLC.NS with "buy", citing growth opportunities in domestic cables and wires segment

** KEIN also has option to enter into the adjacent electrical segment which includes switches and switchgears - UBS

** Analysts' avg rating on KEIN, POLC at "buy", while Havells HVEL.NS rated "hold" - LSEG data

** KEIN's 40% YTD climb highest among rivals POLC (22%) and HVEL (~38%)

(Reporting by Kashish Tandon in Bengaluru)

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July 29 (Reuters) - KEI Industries Ltd KEIN.NS:

• KEI INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 1.50 BILLION RUPEES

• KEI INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 20.60 BILLION RUPEES

Source text for Eikon: ID:nBSE9bbKXH

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** Shares of KEI Industries Ltd KEIN.NS snap 4-day losing run to rise just over 3%

** Wires and cables maker says labour strike called off at two plants on Thurs; strike was announced on Weds

** Says lost production of about 100 mln rupees due to strike vs estimate of 80 mln rupees

** Stock had slid 8.4% in 4-day losing streak

** Still, stock currently at ~4,560 rupees, above analysts' median PT of 4,200 rupees, per LSEG data

** KEIN still above 100/200/300 day moving avgs and has jumped ~40% YTD

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of KEI Industries KEIN.NS down as much as 3% to 4,301.05 rupees

** Wires and cables maker on Wednesday said operations at plants in Rakholi and Chinchpada were partially affected due to a production stoppage caused by a labour strike

** Estimated daily production loss due to the strike is about 80 mln rupees (about $958,113) - KEIN

** Stock on track for a fourth straight session of losses, if current trends hold

** Avg rating of 15 analysts close to equivalent of "buy;" median PT is 4,200 rupees - LSEG data

** Including session's move, stock is up 33.7% YTD

($1 = 83.4975 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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June 19 (Reuters) - KEI Industries Ltd KEIN.NS:

• OPERATIONS OF PLANTS AT RAKHOLI AND CHINCHPADA PARTIALLY AFFECTED DUE TO STOPPAGE OF PRODUCTION

• OPERATIONS PARTIALLY AFFECTED IN VIEW OF STRIKE ANNOUNCED BY LABOUR W.E.F. JUNE 19

• THERE IS NO STRIKE AT OTHER PLANTS

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May 2 (Reuters) - KEI Industries Ltd KEIN.NS:

• KEI INDUSTRIES MARCH-QUARTER CONSOL NET PROFIT 1.68 BILLION RUPEES VERSUS PROFIT 1.38 BILLION RUPEES

• KEI INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 23.19 BILLION RUPEES VERSUS 19.53 BILLION RUPEES

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** Shares of KEI Industries KEIN.NS are up 11% at 3344 rupees, set for their best day since March 2022

** Consumer durables maker's profit rose 17% in the Dec.-qtr, while revenue from ops increased by 15.5%

** Session's gains help KEIN turn green for Jan; stock is up ~3% so far this month

** KEIN had risen ~121% in 2023, posting gains for a fifth straight year

(Reporitng by Nishit Navin in Bengaluru)

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Jan 23 (Reuters) - KEI Industries Ltd KEIN.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.51 BILLION RUPEES VERSUS PROFIT 1.29 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 20.62 BILLION RUPEES VERSUS 17.84 BILLION RUPEES

Source text for Eikon: ID:nNSE84msdT

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Nov 9 (Reuters) - ABB India ABB.NS posted an 84% rise in quarterly profit on Thursday, as the technology company was helped by higher order wins in its key electrification and automation segments.

The Indian arm of Swedish-Swiss ABB Ltd ABBN.S said its profit jumped to 3.63 billion rupees ($43.60 million) in the quarter ended Sept. 30 from 1.98 billion rupees a year earlier.

The company recorded 14% year-on-year growth in total orders to 30.04 billion rupees in the quarter.

"The quarter witnessed orders from a diverse range of segments including metals, energy companies, railways, electronics, data centers, EVs, paints, etc.," ABB India said.

Healthy industrial demand, strong order book and better execution amid improved supply chain will drive growth in the September quarter for Indian capital goods companies, analysts had said.

Peer Thermax THMX.NS earlier this month posted a 45% jump in quarterly profit on the back of robust demand, while Siemens SIEM.NS is yet to report its results.

ABB India's revenue from the electrification segment, which contributes nearly 40% to the company's total revenue, rose 18%, while that from the process automation segment jumped 93%.

Its total revenue from operations rose 31% to 27.69 billion rupees.

ABB India's shares closed 0.9% higher after results. The stock fell 7.2% in the July-September quarter.

Parent ABB last month posted a 13% jump in its third-quarter core profit, helped by price increases but flagged a slowdown in revenue growth in the fourth quarter.

($1 = 83.2620 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Maju Samuel)

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** Shares of KEI Industries KEIN.NS up as much as 3.5% to 2,486.50 rupees

** Wires and cables maker posted a 19% Y/Y rise in Sept-qtr consol net profit on increased sales; revenue from operations up ~9% Y/Y

** Over 515,000 shares change hands as of 01:35 p.m. IST, nearly twice the 30-day moving average

** Eight of 13 analysts rate the stock "buy" or "strong buy", while five rate it "hold"; median PT is 2,594 rupees - LSEG data

** Stock last up 3.3%, extending YTD gains to ~70%

(Reporting by Kashish Tandon in Bengaluru)

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Oct 31 (Reuters) - KEI Industries Ltd KEIN.NS:

• INDIA'S KEI INDUSTRIES LTD SEPT-QUARTER CONSOL NET PROFIT 1.4 BILLION RUPEES VERSUS 1.07 BILLION RUPEES

• KEI INDUSTRIES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 19.47 BILLION RUPEES VERSUS 16.08 BILLION RUPEES

Source text for Eikon: [ID:]

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** Shares of India's KEI Industries KEIN.NS fall as much as 8.42% to 2,225.10 rupees; steepest intraday fall since Oct 25, 2021

** Co posts lowest level since June 21, 2023

** Brokerage Prabhudas Lilladher says co underperforming against peers Havells India HVEL.NS and Polycab India POLC.NS

** Co's domestic institutional extra high voltage cable sales registered 50% degrowth in Q1

** Co shares decline for sixth straight session

** More than 956,223 shares change hands by 11:44 a.m IST, 3.2X 30-day avg

** Mean recommendation of 15 analysts is "buy", median TP is 2,112 rupees - Refinitiv IBES data

** Including session's losses, stock up ~53% so far this year

(Reporting by Hritam Mukherjee in Bengaluru)

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July 31 (Reuters) - KEI Industries Ltd KEIN.NS:

• INDIA'S KEI INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 1.21 BILLION RUPEES VERSUS 1.04 BILLION RUPEES

• KEI INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 17.83 BILLION RUPEES VERSUS 15.65 BILLION RUPEES

• APPROVED RE-APPOINTMENT OF ANIL GUPTA AS CHAIRMAN-CUM- MD

Source text for Eikon: ID:nBSE43Wssp

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May 18 (Reuters) - KEI Industries Ltd KEIN.NS:

• ALLOTTED INDUSTRIAL LAND IN GUJARAT ON LONG TERM LEASE FOR 99 YEARS BY GUJARAT INDUSTRIAL DEVELOPMENT CORP

• LAND SHALL BE USED FOR GREEN FIELD CAPEX OF MANUFACTURING OF ELECTRICAL CABLES AND WIRES

Source text for Eikon: ID:nNSE8Tn8BR

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May 2 (Reuters) - KEI Industries Ltd KEIN.NS:

• MARCH-QUARTER CONSOL NET PROFIT 1.38 BILLION RUPEES VERSUS 1.16 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 19.55 BILLION RUPEES VERSUS 17.92 BILLION RUPEES

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** Shares of KEI Industries Ltd KEIN.NS rise 2% to 1,783 rupees apiece

** Rise after 78,054 shares of the wires and cables maker change hands as of 12:46 p.m. in a block, at a price of 1,765.85 rupees per share

** Trading volume is 129,679 shares as of 12:46 p.m., 0.8x the 30-day avg of 164,877 shares - Refinitiv data

** Of the 15 analysts tracking KEIN, 11 maintain "buy" and four recommend "hold"; median TP is 1,769 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

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