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Cable stocks may keep climbing on capex demand

This is a clean sector call with clear stock preferences, which makes it useful for market watchers and retail investors. The broader theme — electrification and digital buildout — also ties into India’s capex narrative.

CLSA’s preference for RR Kabel and Polycab will keep drawing investor attention to the cables-and-wires theme, while KEI remains capped by valuation concerns.

This is a clean read-through on India’s capex and electrification story, with direct implications for listed industrial names. The call also suggests the sector still has room to expand capacity without immediately hitting saturation.