Cables and wires sector in focus: Polycab & KEI Industries could give 20-30% upside in 2025
Domestic demand for C&W products remains robust, fuelled by rapid electrification, infrastructure development, and growth in sectors such as power transmission and distribution (T&D), real estate, and transportation. This demand is projected to drive an 11-13% CAGR in the domestic market from FY24 to FY27.
Simultaneously, exports have shown significant traction, growing 25% YoY in October 2024 and 8% YoY during April-October 2024. Notable markets like Saudi Arabia and Oman have reported strong growth, with India benefiting from competitive pricing, international compliance, and diversified offerings.
India’s position as a net exporter of C&W since FY20 underscores its capability to meet global demand. Key drivers in international markets include the push for renewable energy, electric vehicle adoption, and modernization of power grids.
Despite apprehensions regarding potential U.S. import duties, the sector remains well-insulated due to America’s dependency on cable imports, where India has established a strong foothold with a 44% CAGR in exports to the U.S. between FY17 and FY24.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock
