JM Financial downgrades Polycab, KEI; cable shares fall up to 8%
Polycab India, KEI Industries and RR Kabel were trading lower on Sept. 2, with losses from about 1% to nearly 8%. JM Financial downgraded Polycab and KEI to “add” from “buy”.
Cables and wires stocks Polycab India, KEI Industries and RR Kabel were trading lower by 1% to nearly 8% on Wednesday, September 2, after brokerage firm JM Financial downgraded their ratings. JM Financial cut Polycab and KEI Industries to "add" from "buy" in its latest note.