RR KABEL
Should you prefer RR Kabel over Polycab? Amnish Aggarwal explains why
Amara Raja and Exide have re-rated with a new energy focus, positioning for growth in evolving markets. Coming to aviation IndiGo stock has given a very sharp rally over the past six months, so the incremental returns may be more measured but at the same time, the positive news flows in IndiGo will continue and that might keep the investor interest alive in the stock, says Amnish Aggarwal.
TPG Asia sells entire stake in RR Kabel in Rs 958 crore block deal
Marquee funds, including Edelweiss MF, Tata MF, Goldman Sachs, Citigroup, Morgan Stanley, ICICI Pru MF, Blackstone Aqua, Reliance Nippon Life, and HDFC Standard Life, among others, bought stakes in the transaction.
R R Kabel shares zoom 6% after posting 20% YoY jump in net profit. Should you invest?
R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.
Longer-term bullish trend continues on capex & cable-related stocks: Sanjiv Bhasin
Sanjiv Bhasin, Director at IIFL Securities, discusses the bullish trend in stocks, particularly in capex and cable-related sectors. He highlights optimism despite high valuations, mentioning GMR and RR Kabel's performance.
Hot Stocks: Brokerage view on Tata Steel, RR Kabel, RIL; Axis Capital upgrades Indigo
Citigroup reaffirmed its buy rating on RR Kabel, while JPMorgan remains overweight on RIL. Axis Capital upgraded Indigo to buy, and Jefferies retained a buy rating on Tata Steel.
TPG Asia to sell entire stake in RR Kabel via Rs 957 crore block deal today
The private equity firm acquired a 21% stake in RR Kabel five years prior to the IPO, which was launched in the latter half of 2023. Since then, it has continuously reduced its stake.
- Go To Page 1
Stocks in news: Apollo Hospitals, Muthoot Finance, Tata Steel, Kfin Tech, RR Kabel
Tata Steel Ltd on Wednesday reported 64% fall in its consolidated net profit at Rs 611 crore for the fourth quarter, compared with Rs 1,705 crore in the same quarter a year earlier.
TPG Asia to exit RR Kabel, offload stocks worth Rs 1,000 crore in block deal: Report
TPG Asia had acquired around 21% stake in RR Kabel five years before the IPO, which was launched in late 2023. Since then, the PE firm has gradually cut its stake in the company.
We would keep 12-15% cash and wait for stocks that would outperform over next 12 months: Sandip Sabharwal
Sabharwal sees market correction due to weight, not elections. Global markets flourish, India shifts investments to China. Sabharwal says: "My base case is continuity and to that extent we would be more near 12% to 15% cash and waiting to buy into stocks and sectors which we think would offer outperformance potential over the next one year."
Top 8 stock ideas by Prabhudas Lilladher with up to 26% upside scope
According to domestic brokerage firm Prabhudas Lilladher, these 8 mid & smallcap stock picks can rally up to 26% in 1-2 years.
ETMarkets Management Talk | Solar focus is a lucrative opportunity for wires and cables industry: Rajesh Jain, CFO, RR Kabel
“While we achieved a commendable 10.4% year-over-year increase in revenue, the company experienced a slight decline in Profit After Tax (PAT) and a dip in our EBITDA margin below the 7% mark. The main factor impacting our margins in Q3 FY24 was the volatility in raw material prices, which exerted pressure on our gross margins.”
Indian wire maker R R Kabel's exports hit by Red Sea crisis
Attacks by Yemen's Houthi militia on merchant ships in the Red Sea and retaliatory U.S. strikes have ratcheted up tensions in the Middle East as the Gaza war rages on, forcing companies to reroute shipments as they face delays and jacked-up rates.
On a longer horizon or even on a yearly basis, our margins will be in 8% range: Rajesh Jain, RR Kabel
Rajesh Jain discusses the Q3 numbers and margin outlook. Despite a slight dip in margins, the company achieved a volume growth of 20% in wire and cable, surpassing industry average. The FMEG segment saw a 20% YoY growth and has scalable potential for future growth. RR Kabel currently holds a 7% share in the domestic market and aims to continue growing at a rate of over 20%. The company's exports account for 27% of revenue, with major markets in Europe, UAE, Australia, New Zealand, and the USA.
RR Kabel shares drop 5% on Q3 earnings impact
RR Kabel is the fifth-largest player in the branded wires and cables market in India, representing approximately 7% market share by value as of FY23 (vs. 5% in FY15).
Navneet Education, RR Kabel among 9 mid & smallcap picks that can climb up to 34% in near term
According to brokerage firm Prabhudas Lilladher, these 8 mid and smallcap stocks can rally up to 34% in near term. Take a look:
RR Kabel shares jump 6% after Q2 profit more than doubles
The EBITDA in the quarter under review rose 92.7% to Rs 121.1 crore from Rs 62.8 crore in the same quarter last year. The margin was up to 7.5% in the June-September period as against 4.6% in the same quarter a year ago.
Fundamental Radar: Why is RR Kabel a promising investment bet in FMEG space?
The domestic wires and cables industry is estimated to see a compounded annual growth of 13% over FY23-27, on the back of growth in real estate and infrastructure investments.The Indian wires and cables exports are expected to grow at a strong pace over the medium term on the back of the ‘China+1’ strategy of most global customers.
Prabhudas Lilladher pegs 12-month Nifty target at 22,819, picks HDFC Bank & 4 other top bets
The domestic brokerage picked HDFC Bank, RR Kabel, Canfin Home, Navin Fluorine and ABB India as its conviction buys. A stable government post-elections with a continuation of economic policies could take markets to new heights, the note said.
RR Kabel shares fetch decent listing gains in a weak market. What should investors do?
Post the opening, the shares rallied further and are currently trading nearly 16% higher at Rs 1,198, compared with an offer price of Rs 1,035
RR Kabel shares list at 14% premium over IPO price
RR Kabel shares debuted on the NSE and BSE at a premium of 14% and 13.9%, respectively, over the IPO price. The company listed within two days of the IPO close, making it the fastest debut on the exchanges. The IPO received a decent response from investors, with overall subscription at 18.69 times. The company is India's fastest-growing consumer electric company and the fifth largest in the wires and cable space.
RR Kabel shares to list on September 20, within 2 days of IPO closing
The IPO, which comprised a fresh issue size of Rs 180 crore and an offer for sale (OFS) segment of up to 1.72 crore equity shares, closed on September 15. The share allotment was finalised on Monday, which too was earlier than the initially planned September 21. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar
RR Kabel shares to list on Wednesday. Here's what GMP signals
The company proposes to utilise the net proceeds towards the funding of repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions estimated to be Rs 170 crore.
IPO tracker: RR Kabel issue booked 18.69 times on last day; SAMHI, Zaggle continue to struggle on Day 2
The issue of RR Kabel has gained momentum on the final day of bidding process with the overall subscription at 18.69 times at close. All the categories are fully subscribed, led by institutional investors (52.26x). Retail part was the least subscribed at 2.13x.
RR Kabel IPO subscribed 25% on Day 1. Check GMP and other details
The category reserved for retail investors was subscribed 36%, followed by non-institutional investors at 29%. There were no bids from qualified institutional buyers
RR Kabel IPO to open on September 13. Here are 10 things to know about the offer
About 50% of RR Kabel IPO is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 35% for retail investors.
RR Kabel IPO opens for subscription. Should you bid?
The IPO comprises a fresh issue size of Rs 180 crore, which has been reduced from Rs 225 crore earlier. The issue also includes an offer for sale (OFS) segment of up to 1.72 crore equity shares. Overall, the firm looks to raise Rs 1,964 crore.
RR Kabel IPO opens on September 13; what GMP signals ahead of subscription
The company has fixed a price band of 938-1035 per share, where investors can bid for 14 shares in one lot. RR Kabel is a leading player in the Indian consumer electrical industry comprising wires and cables and fast-moving electrical goods (FMEG), with an operating history of over 20 years in India.
Load More
