Polycab India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 95469.26 Crore) operating in Consumer Durables sector.

Buy Polycab India, target price Rs 8200: Motilal Oswal

The brokerage lowers its FY25E earnings per share estimates by 2% to factor in unfavorable mix and muted international business segment.

Polycab India Q1 Results Review - Domestic Demand Remains Resilient: Dolat Capital

Will Be Able To Achieve Revenue Guidance Of ₹20,000 Crore Sooner: Polycab India | CNBC TV18

Polycab India declined 1.13% to Rs 6,550.25 after the company’s consolidated net profit fell marginally to Rs 401.61 crore in Q1 FY25 as against with Rs 403.16 crore posted in Q1 FY24.

Spotlight

Polycab slides as Q1 PAT drops marginally to Rs 402 cr in FY25

Earnings

Polycab India consolidated net profit declines 0.92% in the June 2024 quarter

Polycab India poised for growth in cables & wires industry with a target price of ₹8,290.

Broker’s call: Polycab India Buy

Wires and cables maker Polycab India Ltd on Thursday reported a marginal decline in consolidated net profit to Rs 401.62 crore in the June 2024 quarter, impacted by higher expenses.

Polycab India Q1 results: Net profit falls marginally to Rs 401.62 cr

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Polycab India declined 3.13% to Rs 6771 following large block deal took place in earlier today, 28 June 2024.

Polycab India drops after block deal

Shares of Polycab India dropped 5.3 per cent at Rs 6,616 on the NSE in Friday’s intraday deals

Polycab slips 5% after promoters likely sell 2% stake via block deal

Polycab India Ltd clocked volume of 9.94 lakh shares by 10:47 IST on BSE, a 65.67 times surge over two-week average daily volume of 15131 shares

Volumes soar at Polycab India Ltd counter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Polycab India is a manufacturer and seller of wires and cables and fast moving electrical goods. The Company's product line includes electric fans, LED lighting and luminaires, switches and switchgears under the 'POLYCAB' brand