Today, March 3rd, 2025, Krishna Electric Industry’s (KEI) share price suffers a fluctuating share price. Analysts believe that Ultra Tech’s possible diversification into the electrical industry, the current market climate, and investors’ sentiments may have caused the ups and downs in the KEI shares graph.
Although Ultra Tech made a statement clarifying these speculations, KEI shares are struggling to recover. Ultra Tech said that they are not looking for any new opportunities and hope this does not disrupt the market.
KEI Share prices opened at Rs 3,151.30. Today’s opening is approximately 2.6% higher than the previous close- 3070.15. Four days ago, on February 27th, KEI’s shares plummeted by 8%. Considering these analyses, should you buy, sell, or hold your shares? Let’s see what experts say.
KEI Share Price in Today’s Market
As of 10 p.m. today, the share price stands at 3040.03, which is approximately 3.5% lower than the previous close and approximately 0.2% lower than its opening bell rate. The current market capitalization of KEI is 28,981 crores. According to Money Control, the UC Limit is 3,377.15, and the LC Limit is 2,763.15.
Company Financials
The Quarter 3 Financial Report (FY 2024-25) of KEI was released on January 21st. The company reported a 19.8% increase in its revenue for the third quarter. The earnings were Rs.2,467.27 crore against Rs.2,059 crore in the third quarter of last year. Their net profit also grew 9.38%- Rs.164.81 crore against Rs.150.67 crore in the same period the previous year.
Additionally, KEI’s board approved an interim dividend of Rs. 4 per equity share, with a record date of January 27th, 2025. The Sector P/E stands at 38.02
KEI Share Price Target
Here are the trends among analysts and experts regarding KEI’s share price targets. KEI Industries Ltd. has an average target of 4829.60. The consensus estimate reports an upside of 59.06% from the last price of 3036.35.
Should You Buy, Sell, Or Hold?
Analysts and experts on Money Control are divided between buying and holding. 53% support buying, and 26 % suggest selling. Analysts of Trendlyne recommend the same. Before deciding as an investor, factor in KEI’S long-term performance and consult with your analyst.
About the KEI Industries Ltd
KEI Industries is India’s one of the leading manufacturers of wires, cables, and electrical solutions. The company has focused on expanding its global presence and increasing its production capacity. KEI Industries also focuses on sustainable energy and eco-friendly cable solutions.
