No You are right on historical and current basis as they are predominantly W&C business, however both companies have stated ambitions to grow in FMEG, Just attaching todays polycab PPt . H1 shows the fmeg business at approx 650 cr. which is approx 9-10% of total H1 business. PowerPoint Presentation (bseindia.com). Have not checked KEI but i remember they stated ambitions in this areas also. My comment was focussed on this point only. And look at competition concerns both Havells and CG Consumer are facing.
However this is not to comment on overall franchise of both companies where predominanly copper and maybe crude prices will play major role. I have no idea when you bought both but at current prices they are priced to perfection.
No outlook on future price movement also however both companies should do well seeing the uptick in Infra and RE.
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