BUZZ-India's KEI Industries gains as Morgan Stanley starts with 'overweight'

India's KEI Industries KEIN.NS climb 3% to 3,840 rupees, set for third straight session of gains

Brokerage Morgan Stanley starts coverage on cables and wires maker with "Overweight" rating and PT of 4,391 rupees

KEIN to benefit from its well-diversified channel mix in cables business revenue vs peers Polycab POLC.NS and R R Kabel RRKA.NS, with a balanced presence in retail, institutional, and exports, brokerage says

Adds, KEIN to also benefit from rising share in exports, from 11% so far in FY25 to 15-17% in next 2-3 years

Favourable government policies like boosting local manufacturing and minimising imports will benefit KEIN - Morgan Stanley

Analysts' average rating on KEIN, POLC at "Buy"- LSEG data

YTD, KEIN has fallen 13.4%, while POLC is down 21%