KEI

Morgan Stanley Initiates Coverage with 18% Upside Potential

Morgan Stanley initiates coverage on KEI Industries with an 'overweight' rating and a price target of ₹4,391, citing multiple growth drivers including the 'future of energy' theme and export opportunities. The company is undergoing significant expansion with a ₹2,000 crore project in Sanand, expected to increase production capacity by 65-70% by March 2026.