KEI Share Price Soars to New Heights! ๐๐ฐ
Investors in the stock market have seen huge returns with certain shares making them millionaires overnight. One such stock is KEI Industries Limited. The stock has seen a tremendous growth from trading at 15 rupees to now crossing the 3,800 rupees mark. Investors who have held onto this stock for the long term have reaped substantial returns.
With a market capitalization of over 35,000 crores, KEI Industries has proven to be a lucrative investment. Over the past 10 years, investors have seen returns of over 27,000%! The company’s profits have also been on the rise, giving investors hope for even more growth in the future.
KEI Industries operates in the sectors of building construction, defense, telecommunications, cables, and stainless steel wire. The company manufactures high voltage, medium voltage, and low voltage electrical cables for both retail and institutional sectors.
On May 11, 2012, KEI Industries’ shares were trading at 14.95 rupees. Those who invested in this stock during that time would now be millionaires. As of Monday, April 29, the stock closed at 3,884.95 rupees, giving investors over 10% returns in the past month and 57.14% returns in the past six months.
Over the last year, KEI Industries’ shares have seen an increase of over 106%, and in the last five years, investors have witnessed a phenomenal return of 861.15%. The company has become the third largest wire and cable company in the country, with experts attributing its success to the introduction of new products, increasing profits, and significant reduction in debt.
Investors are optimistic about the future growth of KEI Industries and are expecting further gains in the coming days. Keep an eye on this stock as it continues to soar to new heights!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.