Nuvama initiates coverage on RR Kabel with ‘Buy’: Sees 20% upside on export surge
Nuvama initiated coverage on RR Kabel with a ‘Buy’ rating and a ₹3,310 target price, implying 20% upside. It cited rising power-sector and data-centre demand, a ₹1,000 crore plan to expand into higher-voltage cables, and established exports as growth drivers.