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R R Kabel zooms on launching Firex LS0H-EBXL RR Kabel is currently trading at Rs. 1750.00, up by 50.30 points or 2.96% from its previous closing of Rs. 1699.70 on the BSE. The scrip opened at Rs. 1702.20 and has touched a high and low of Rs. 1760.00 and Rs. 1702.20 respectively. So far 6795 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1903.30 on 27-May-2024 and a 52 week low of Rs. 1137.60 on 20-Sep-2023. Last one week high and low of the scrip stood at...
R R Kabel zooms on launching Firex LS0H-EBXL
R R Kabel zooms on launching Firex LS0H-EBXL
Source: Accord Fintech
2024-06-10 04:35:13 pm
Buy R R Kabel Ltd For Target Rs.1,790 JM Financial Services Key takeaways from 3QFY24 earnings call RR Kabel (RRK) management reiterated volume guidance of 20% YoY for FY24 (implies 20% growth in revenue YoY for 4QFY24) as well as for the medium term. Wires and Cables (W&C) segment volume growth was muted at 10% YoY during 3QFY24 primarily due to higher base of 3QFY23/2QFY24 (restocking/strong quarters). In 9MFY24, volume grew 19% YoY, led by Exports (+36% YoY; 27% of revenue) while domestic volume grew 12% YoY. Gross margin contracted 110bps Y...
Buy R R Kabel Ltd For Target Rs.1,790 JM Financial Services
Buy R R Kabel Ltd For Target Rs.1,790 JM Financial Services
Source: JM Financial Services
2024-04-07 10:34:30 am
Buy RR Kabel Ltd. For Target Rs.1,790 By JM Financial Services Chugging along well RR Kabel (RRK) reported a steady 3QFY24 performance, with revenue growth of 10% YoY (+1% QoQ; 2% above JMFe), led by growth of 9% YoY in Wires and Cables (W&C) and 17% YoY in FMEG (+25%QoQ, 2% below JMFe). W&C growth optically appear tepid (+9% YoY) prima facie, given a) high base in 3QFY23 as copper prices recovered in 3QFY23 post the sharp decline in 2QFY23 (average copper prices fell 16% QoQ in 2QFY23), b) RRK’s peers reported 11%/17%/14% YoY for Havell...
Buy RR Kabel Ltd. For Target Rs.1,790 By JM Financial Services
Buy RR Kabel Ltd. For Target Rs.1,790 By JM Financial Services
Source: JM Financial Services
2024-04-02 01:00:35 pm
Buy R R Kabel Ltd For Target Rs. 1,790 - JM Financial * Healthy outlook for domestic W&C industry: The domestic wires and cables (W&C) industry is poised to grow at a healthy pace (typically 2x of real GDP growth rate) given a) rapid development of infrastructure such as metros, highways, railways by the government, b) policies like revamping power distribution from overhead to underground cables and affordable housing schemes, and c) robust real estate demand, driving growth for the industry. Further, with continuous product improvem...
Buy R R Kabel Ltd For Target Rs. 1,790 - JM Financial
Buy R R Kabel Ltd For Target Rs. 1,790 - JM Financial
Source: JM Financial Institutional Securities
2024-03-05 11:38:37 am
RR Kabel Limited reports strong performance for Q3 & 9M FY24 RR Kabel (RRK), the leading consumer electricals player and 5th largest Wires and Cables (W&C) Company in India with over 7% market share (of the branded market) & strong presence in Fast Moving Electrical Goods (FMEG) has announced its Unaudited Financial Results for the quarter ended on December 31, 2023.     Commenting on the Results, Mr. Shreegopal Kabra, MD said, - “RR Kabel has experienced a promising performance marked by robust ...
RR Kabel Limited reports strong performance for Q3 & 9M FY24
RR Kabel Limited reports strong performance for Q3 & 9M FY24
Source: PR Agency
2024-01-30 12:07:30 pm
Indian cables maker RR Kabel up 15.8% in debut trade at $1.62 billion valuation Private equity firm TPG-backed Indian wires and cables maker RR Kabel climbed nearly 16% to 1,198 rupees in trading debut on Wednesday, valuing the company at 135.16 billion rupees ($1.62 billion).Shares of RR Kabel opened at 1,180 rupees, compared with the initial public offer price of 1,035 rupees.It competes with companies such as Polycab India and Finolex Cables, whose shares have doubled so far this year fuelled by government infrastructure spending and a real estate boom.($1 = 83.2050 I...
Indian cables maker RR Kabel up 15.8% in debut trade at $1.62 billion valuation
Indian cables maker RR Kabel up 15.8% in debut trade at $1.62 billion valuation
Source: Reuters
2023-09-20 10:43:33am
Indian cables maker RR Kabel`s IPO oversubscribed nearly 19 times ?Indian wires and cables maker RR Kabel's initial public offering, valued at about 19.64 billion rupees ($236.25 million), was oversubscribed nearly 19 times on Friday, according to data from the National Stock Exchange.Investors bid for 248.9 million shares by the final day of bidding, 18.69 times the 13.3 million shares on offer.Mumbai-based RR Kabel, which is backed by private equity firm TPG, priced its IPO between 983 rupees and 1,035 rupees, according to a newspaper advertisement last w...
Indian cables maker RR Kabel`s IPO oversubscribed nearly 19 times
Indian cables maker RR Kabel`s IPO oversubscribed nearly 19 times
Source: IANS
2023-09-16 11:22:42am