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Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?
The Economic Times
September 11, 2026
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Shares of wire manufacturer KEI Industries declined as much as 4% to their day’s low of Rs 4,446 on the BSE on Friday after international brokerage firm Jefferies slashed the target price by 11% to Rs 6,150 from Rs 6,920, an upside of 31%. The brokerage, however, retains a Buy call on the stock.“Ult
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