India, Aug. 9 -- India's cables and wires sector is entering what CLSA believes could be a long-lasting growth cycle, backed by higher infrastructure spending, electrification and manufacturing investments. The brokerage has initiated coverage on three leading listed companies - RR Kabel, Polycab and KEI Industries.

While it has turned positive on all three businesses, its preference clearly lies with RR Kabel and Polycab, which have received 'Outperform' ratings. KEI Industries, despite its strong business fundamentals, has been assigned a 'Hold' rating due to limited valuation comfort.

CLSA sees multiple growth drivers supporting the sector According to CLSA, the industry's growth is no longer dependent on a single factor. Instead, ...