India, May 7 -- A leading manufacturer of wires, cables, and EPC solutions found itself at the intersection of strong earnings and regulatory uncertainty on Thursday, after sources cited by CNBC-TV18 reported that the Income Tax Department was conducting search operations at roughly six of its locations, including its Delhi offices. The disclosure, coming a day after the company's Q4 FY26 results drove the stock down close to 3.5 percent in morning trade.

With a market capitalisation of Rs. 48,357.65 crore, the shares of KEI Industries were last trading at Rs. 5,068 per share, though they reached 3.5 percent lower intraday on May 7 at Rs.4,966.3. It is trading at a P/E of 53.59.

The Income Tax Department is reported to be conducting sea...