CMP : Rs 414.50
TARGET : Rs 445
STOP LOSS : Rs 394
DURATION : 1 WEEK
About KEI Industries Ltd.
KEI Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 3709.96 Crore) operating in Cables sector.
KEI Industries Ltd. key Products/Revenue Segments include Cables which contributed Rs 3502.04 Crore to Sales Value (71.70 % of Total Sales), Income from EPC,Contracts,& Others which contributed Rs 1336.04 Crore to Sales Value (27.35 % of Total Sales), Scrap which contributed Rs 24.23 Crore to Sales Value (0.49 % of Total Sales), Traded Goods which contributed Rs 18.93 Crore to Sales Value (0.38 % of Total Sales), Export Incentives which contributed Rs 2.40 Crore to Sales Value (0.04 % of Total Sales) and Other Operating Revenue which contributed Rs .63 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2020.
For the quarter ended 30-06-2020, the company has reported a Consolidated sales of Rs 745.35 Crore, down -40.78 % from last quarter Sales of Rs 1258.53 Crore and down -31.07 % from last year same quarter Sales of Rs 1081.36 Crore Company has reported net profit after tax of Rs 36.23 Crore in latest quarter.
Technical Analysis:
1. Stock is trading in higher top higher bottom formation which is bullish continuation pattern by nature.
2. Along with that stock is inching higher after every breakout, now also stock given fresh breakout with good volume.
3. Also prices are trading well above ichimoku clouds which shows immediate trend is up.
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