Kotak Securities upgraded KEC International to Add from Reduce, cutting target price to 400 from 470

Fri 9 Oct 2026

Revised target price

400 rupees

Previous target price

470 rupees

Heard on business television between 08:24:53 - 08:27:53 IST.

• Kotak Securities upgraded the stock to Add from Reduce.
• Target price was cut to 400 rupees from 470 rupees.
• Kotak said a gradual recovery is underway and the company is a key beneficiary of a strong T&D (transmission and distribution) pipeline.
• Middle East recovery seen as gradual, with cables expected to drive growth.
• Near-term earnings pressure flagged, with gradual recovery expected from the first half of FY28.

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