{
  "id": 6735021,
  "title": "Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?",
  "url": "https://urgent.news/2026/09/11/jefferies-cuts-kei-industries-target-price-by-11-will-ultratechs",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-11T08:47:52.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/jefferies-cuts-kei-industries-target-price-by-11-will-ultratechs-entry-put-the-company-at-risk/articleshow/134056011.cms"
  },
  "original_language": "en",
  "account": "Shares of wire manufacturer KEI Industries experienced a sharp decline of up to 4%, reaching their day low of Rs 4,446 on the BSE after international brokerage firm Jefferies reduced the target price by 11% to Rs 6,150 from Rs 6,920. Despite the price cut, Jefferies maintains a Buy rating on the stock. The brokerage highlighted UltraTech Cement's entry into the wires and low-tension cables market as a concern for KEI's future profitability, projecting a potential loss of 300 basis points in market share for KEI over FY26-30E in the retail segment with no offset from power or exports.",
  "summary": "Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s 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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}