Latest news with #RRKabel
Mint
02-06-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 2 June 2025
Breakout stocks buy or sell: The Indian stock market posted losses for the second straight week following a U.S. court's decision to reinstate wide-ranging tariffs from the Trump era. Over the week, the Sensex fell by 270.07 points, or 0.33%, while the Nifty slipped 102.45 points, or 0.41%. The markets closed the week on a cautious note, reflecting investor wariness amid persistent global trade tensions and uncertainty over upcoming domestic policy decisions. Sumeet Bagadia, Executive Director at Choice Broking, believes that the undertone for the Indian stock market is positive but the Nifty 50 index is facing hurdle at 25,000 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' On breaching above this resistance, we can expect the benchmark index to touch 25,400 soon. On the lower side, the index has made strong support at 24,500 levels. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five shares to buy today — R R Kabel, Sudarshan Chemical Industries, Shaily Engineering Plastics, Wockhardt, and Prudent Corporate Advisory Services. 1] R R Kabel: Buy at ₹ 1438, target ₹ 1540, stop loss ₹ 1385; 2] Sudarshan Chemical Industries: Buy at ₹ 1170, target ₹ 1250, stop loss ₹ 1125; 3] Shaily Engineering Plastics: Buy at ₹ 2016.8, target ₹ 2150, stop loss ₹ 1950; 4] Wockhardt: Buy at ₹ 1465.3, target ₹ 1560, stop loss ₹ 1410; 5] Prudent Corporate Advisory Services: Buy at ₹ 2952.7, target ₹ 3170, stop loss ₹ 2850. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Time of India
08-05-2025
- Business
- Time of India
JM Financial maintains Buy on R R Kabel, revises target price to Rs 1,400
JM Financial suggests buying R R Kabel shares. The target price is now Rupees 1,400. R R Kabel's revenue increased significantly in the last quarter. The company saw growth in both domestic and export markets. Profit margins also improved. The brokerage firm anticipates continued growth due to capacity expansion. However, they reduced the target P/E multiple. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.) JM Financial has maintained a Buy call on R R Kabel with a revised target price of Rs 1,400 (Rs 1450 earlier). The current market price of R R Kabel is Rs 1203.15. The time period given by the analyst is a year when R R Kabel price can reach defined target. R R Kabel, incorporated in 1995, is a Small Cap company with a market cap of Rs 13463.59 crore, operating in the Consumer Durables sector.R R Kabel's key products/revenue segments include Electrical Appliances, Scrap, Processing Charges and Export Incentives for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2229.77 crore, up 24.18% from last quarter Total Income of Rs 1795.59 crore and up 25.73% from last year same quarter Total Income of Rs 1773.39 crore. The company has reported net profit after tax of Rs 127.74 crore in the latest company?s top management includes Rameshwarlal Kabra, Davar, Sabharwal, Singh Babel, Rameshwarlal Kabra, Rameshwarlal Kabra, Rameshwarlal Kabra, Chandak, Davar, Sabharwal, Singh Babel, Rameshwarlal Kabra, Rameshwarlal Kabra, Chandak. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 11 crore shares Kabel delivered a strong 4Q. Revenue grew 26% YoY (5% above JM Financial estimates) on the back of solid volume traction in domestic and export markets. Growth was broad-based, aided by continued strength in the wires and cables (W&C) segment (+28% YoY) and steady momentum in the FMEG portfolio (+13% YoY). EBITDA increased 69% YoY (32% above JMFe), with margin expanding by 220bps YoY, attributable to operating leverage, savings in operational cost, and an improved product mix. Strategic focus remains on scaling up the cables business, brand visibility, and investing in manufacturing capabilities. JM Financial reduces target price to Rs 1,400 vs. Rs 1,450 earlier despite 6-7% revision in FY26/27 estimates (driven by benefits from its capacity addition plans and a revamp in its product mix towards cables) as they reduced the target P/E multiple to 32x (35x earlier) given the broader de rating in the Indian W&C space in anticipation of higher competitive intensity. The brokerage maintains a held 61.8 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.17 per cent, DIIs 14.75 per cent.
Mint
06-05-2025
- Business
- Mint
Mid-Cap stock R R Kabel gains almost 20% in two trading sessions: 3 reasons why HSBC expects 15% more upside
Stock Market Today: Mid-Cap stock R R Kabel has gained 20% in two trading sessions post its results declared on Friday after the market close. Here are three key reasons why HSBC expects another 15% gains for the stock The mid -Cap stock R R Kabel Share price that closed at ₹ 1015 levels on Friday however has seen sharp gains thereafter post the Q4 Results. The R R Kabel share price toched intraday highs of RS 1267.50 on the NSE which meant gains of more than 20%. The R R Kabel share price though is now trading close to ₹ 1205 levels which still means gains of close to 19% For mid -Cap stock R R Kabel Share price , HSBC has given Target price of ₹ 1400 post Q4 results, which means gains of more than 15% from here HSBC Securities and Capital Markets (India) Private Limited post Q4 results giving a buy ratings with revised target price have said that they continue to value R R Kabel using a Discounted Cash Flow (DCF) model . The 11% increase in their target price is driven by a 4-5% higher FY26-27 Ebitda estimates, valuation roll-over from March 2025 to June 2025, and lower working capital days assumptions. Their target price implies a FY27 estimated price to earnings multiple of 29 times 1 Strong Q4 Results performance- HSBC said that R R Kabel's revenue, Earnings before interest tax depreciation and amortisation (Ebitda) and net profit grew by 26%, 69% and 64% y-o-y, respectively and was materially above HSBC estimates and consensus Kabel medium-term expansion strategy and strong profit growth: expectations. The Mid -Cap stock R R Kabel has announced its medium-term strategic plan with the aim to increase Ebitda by 2.5 times over FY25-28 with 19% growth in revenue (18% cable & Wires and 25% in Fast Moving Electrical Goods) and a sharp margin improvement ( about 300 basis point) highlighted HSBC 3. On a trajectory of profit growth, leading the sector: HSBC has said that Q4 results improve their confidence that R R Kabel has returned to a strong and sector-leading profit growth trajectory. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 6 May 2025, 03:42 PM IST
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Business Standard
05-05-2025
- Business
- Business Standard
R R Kabel sees volume surge by 2026 as US tariffs present 'opportunity'
Indian wire and cables maker R R Kabel's expects volume growth to more than double in fiscal 2026, with the U.S. tariff policy presenting "an opportunity" for exports amid higher levies on China, a top executive told Reuters on Monday. In fiscal 2026, R R Kabel expects volumes to grow between 16% and 18%, finance chief Rajesh Jain told Reuters, partly bolstered by U.S. tariff policy that affects Indian exporters less severely than Chinese rivals. Higher levies on China make India's exports more competitive. "I was having only one customer till last year, now I am already in talks with four or five big customers... There may be challenges for China, but not for us," Jain said. The company's volumes grew 7% in fiscal 2025, below the company's own targets of 15%, due to a slowdown in construction spurred by Indian elections and disruptions in export markets caused by Red Sea tensions. Jain noted that President Trump's fluctuating tariffs, which have unsettled global markets and threatened trade stability, have been beneficial for the company. The U.S. has imposed a baseline 10% tariff on all exports, with additional reciprocal levies including a 26% rate on India, which are set to kick in July 8. In contrast, China faces a 145% tariff rate as both nations seek a trade agreement. The U.S. is R R Kabel's fourth largest market by revenue and makes up about 10% of R R Kabel's export revenue. Overall exports make up 26% of sales for the company, a significantly higher proportion compared to larger domestic competitors Havells and Polycab .
Reuters
05-05-2025
- Business
- Reuters
India's R R Kabel sees volume surge by 2026 as US tariffs present 'opportunity'
May 5 (Reuters) - Indian wire and cables maker R R Kabel's ( opens new tab expects volume growth to more than double in fiscal 2026, with the U.S. tariff policy presenting "an opportunity" for exports amid higher levies on China, a top executive told Reuters on Monday. In fiscal 2026, R R Kabel expects volumes to grow between 16% and 18%, finance chief Rajesh Jain told Reuters, partly bolstered by U.S. tariff policy that affects Indian exporters less severely than Chinese rivals. Higher levies on China make India's exports more competitive. "I was having only one customer till last year, now I am already in talks with four or five big customers... There may be challenges for China, but not for us," Jain said. The company's volumes grew 7% in fiscal 2025, below the company's own targets of 15%, due to a slowdown in construction spurred by Indian elections and disruptions in export markets caused by Red Sea tensions. Jain noted that President Trump's fluctuating tariffs, which have unsettled global markets and threatened trade stability, have been beneficial for the company. The U.S. has imposed a baseline 10% tariff on all exports, with additional reciprocal levies including a 26% rate on India, which are set to kick in July 8. In contrast, China faces a 145% tariff rate as both nations seek a trade agreement. The U.S. is R R Kabel's fourth largest market by revenue and makes up about 10% of R R Kabel's export revenue. Overall exports make up 26% of sales for the company, a significantly higher proportion compared to larger domestic competitors Havells ( opens new tab and Polycab ( opens new tab.
