KEI Industries Faces Significant Stock Decline Amid Broader Cable Sector Challenges

KEI Industries, a prominent player in the cable industry, experienced a notable decline of 3.13% on April 7, 2025, closing at a new 52-week low of Rs. 2458.35. The stock has been under pressure, marking a consecutive three-day losing streak with a cumulative drop of 11.92% during this period. Today, it opened significantly lower, down 6.4%, and reached an intraday low of Rs. 2458.35, reflecting high volatility with an intraday fluctuation of 52.81%.
In terms of performance metrics, KEI Industries has underperformed the broader market, with a one-day performance of -3.26% compared to the Sensex's -3.50%. Over the past week, the stock has declined by 11.15%, while the Sensex fell by 6.06%. The longer-term outlook shows a stark contrast, with KEI Industries down 40.49% over the last three months and 28.02% year-over-year, despite a remarkable 728.83% increase over the past five years.

The cable sector overall has also faced challenges, declining by 4.81%. As KEI Industries navigates these turbulent market conditions, it remains to be seen how it will adapt to the evolving landscape.