Emerging markets offer promising investment opportunities due to strong economic fundamentals and technological advancements. Investing in cable and EV stocks is compelling as demand for sustainable infrastructure and clean energy rises, aligning with global trends toward decarbonization and innovation.
Here are a few high-potential Cable and EV stocks with up to 30 percent upside potential to consider for investment:
Polycab India Limited
Polycab India Limited specializes in wires and cables and is also active in the fast-moving electrical goods (FMEG) sector. Polycab has introduced a diverse range of consumer electrical products, including fans, switches, switchgear, LED lights and luminaires, solar inverters, and pumps.
With a market capitalization of Rs.1.02 lakh crore, the share price of the company closed at Rs.6,783.15 per share on Tuesday, rising 2.17 percent from its previous close of Rs.6,639.3 apiece.
Union Bank of Switzerland (UBS), a multinational investment bank has recommended a buy call on Polycab India Ltd with a target price of Rs.8,550 per share, with an upside potential of 26 percent.
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KEI Industries Limited
KEI Industries Limited, based in India, manufactures wires and cables. The company operates through three segments: Cables and Wires, Stainless Steel Wire, and Engineering, Procurement, and Construction (EPC) Projects.
With a market capitalization of Rs.42,487 crore, the share price of the company closed at Rs.4,708.10 per share on Tuesday, rising 7.8 percent from its previous close of Rs.4,367.5 per share.
Union Bank of Switzerland (UBS) has recommended a buy call on KEI Industries Limited with a target price of Rs.6,150 per share, with an upside potential of 30.63 percent.
Samvardhana Motherson Limited
Samvardhana Motherson International Limited is a global manufacturer offering comprehensive system solutions to customers in the automotive and other industries.
With a market capitalization of Rs.1.28 lakh crore, the share price of the company closed at Rs.189.40 per share on Tuesday, rising 1.69 percent from its previous close of Rs.186.25 apiece.
Motilal Oswal, one of the well-known brokerage firms has recommended a buy call on Samvardhana Motherson International Limited with a target price of Rs.218 per share, with an upside potential of 15.1 percent.
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Written by – Siddesh S Raskar
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