Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?
- Posted on September 11, 2026
- By Business News Today
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- 1 min read
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Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?
Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cements 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.
