Cables and wires sector in focus: Polycab & KEI Industries could give 20-30% upside in 2025
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The cables and wires (C&W) sector continues to thrive, driven by robust domestic demand and expanding global opportunities. Recent trends reflect the sector's resilience and growth potential, positioning it as a cornerstone of India's industrial and infrastructure expansion. 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 si...