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Motilal Oswal Report
Shares of RR Kabel Ltd. could remain in focus after brokerage firm Motilal Oswal raised its target price on the stock to Rs 2,960 from Rs 2,800 and reiterated its Buy rating following a strong June-quarter performance that exceeded expectations across key metrics.
The revised target price implies an upside potential of around 17% from the current market price.
The brokerage said RR Kabel reported a broad-based earnings beat in Q1 FY27, supported by robust growth in its cables and wires (C&W) business and improved profitability in the fast-moving electrical goods (FMEG) segment.
Revenue rose 54% YoY to Rs 3,170 crore, while Ebitda nearly doubled to Rs 280 crore billion. Adjusted profit after tax surged 117% YoY to Rs 1,950 crore, coming in well ahead of Motilal Oswal's estimates.
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