R R Kabel shares jump 10% to fresh high after strong Q1FY27, CLSA initiates coverage with outperform

The stock traded at ₹2,597 at 10.31 am, hitting a fresh high of ₹2,775 from the previous close of ₹2,525.30.

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R R Kabel shares jumped 10 per cent to hit a fresh high on Tuesday following strong Q1FY27 results.The stock traded at ₹2,597 at 10.31 am, hitting a fresh high of ₹2,775 from the previous close of ₹2,525.30.The company posted standalone PAT of ₹203.1 crore in Q1FY27, compared with ₹88.7 crore in Q1FY26.The company has outperformed peers during the quarter, with its cables and wires business revenue growing 57 per cent. In comparison, Polycab’s C&W business revenue grew 38 per cent, while Havells recorded 27 per cent growth.Brokerage firm CLSA initiated coverage on R R Kabel with an outperform rating and a price target of ₹2,850 per share.CLSA said R R Kabel’s distinguished moats of an entrenched distribution network, influencer engagement, export leadership and integrated manufacturing should help drive growth and profitability, despite the risk of new entrants within the space.It said Project RRise provides a clear roadmap for the next phase of growth and profitability expansion, and expects R R Kabel to deliver revenue and PAT CAGRs of 18 per cent and 24 per cent, respectively, over FY26-30CL.More Like ThisPublished on July 28, 2026