Bank of America Initiates Coverage on Indian Cable Makers Polycab and KEI

BofA assigned buy ratings to Polycab and KEI, projecting a 14% CAGR for India's wires and cables sector driven by infrastructure and renewable energy investments.

28 Aug, 00:30 — 28 Aug, 00:30

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economic-times8d ago

BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside

BofA expects India's wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable energy and power grids, as well as exports.

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Bank of America Initiates Coverage on Indian Cable Makers Polycab and KEI

Sources

BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside

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