Polycab to diversify to IoT based customer solutions says CFO Gandharv Tongia
Tongia said there is robust demand in the wires and cables segment as India is a consumption powerhouse and the demand from various sectors like infrastructure, real estate, and industries will benefit Polycab.
Sharekhan is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 4970 in its research report dated July 19, 2023.
Polycab India rises 6% after Q1FY24 net profit beats estimates
The firm reported net profit of Rs 402.81 crore in the June quarter against Rs 222.55 crore a year ago. Despite facing lower commodity prices, the company's revenue for the quarter surged by 42 percent year-on-year.
Polycab India gains 2% as Jefferies reiterates 'buy' stance
Jefferies is bullish on the stock with a base case target price of Rs 4,270. It expects cables and wires segment revenue to post a 15 percent CAGR over FY23-26e, primarily led by capex revival, infrastructure development and housing sector upcycle