Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Based on the open interest future percentage, there were 80 stocks, in which short-covering was seen include Escorts, Deepak Nitrite, Polycab India, Coal India, and Persistent Systems.

Trade setup for today: Top 15 things to know before the opening bell

Based on the open interest future percentage, there were 86 stocks in which a short build-up was seen including ONGC, Polycab India, PVR, RBL Bank, and IndiaMART InterMESH.

“We continue to see sectoral rotation in the markets, and we continue to stay away from chasing momentum in some of these spaces. Valuation of the portfolio is in low teens. Top holdings in our portfolio includes Sun Pharmaceutical Industries, Polycab India, ICICI Bank, Larsen & Toubro, and State Ba…

ETMarkets Fund Manager Talk: Seeing early signs of India-dedicated allocations by FIIs: Rahul Veera, Abakkus Asset Manager

Based on the open interest future percentage, there were 70 stocks in which a short build-up was seen including Voltas, Balkrishna Industries, Polycab India, IRCTC, and Wipro.

Finolex Cables surged 10 percent to close at Rs 495, the highest closing level since February 9, 2022, and formed a large bullish candlestick pattern on the daily charts with robust volumes.

Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies on Muhurat Trading?

ICICI Direct is bullish on Polycab India recommended buy rating on the stock with a target price of Rs 3300 in its research report dated October 19, 2022.

Buy Polycab India; target of Rs 3300: ICICI Direct

Sharekhan is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 3215 in its research report dated October 19, 2022.

Buy Polycab India; target of Rs 3215: Sharekhan

Based on the open interest future percentage, there were 89 stocks in which a short build-up was seen include Aarti Industries, L&T Technology Services, Torrent Power, Polycab India, and Crompton Greaves Consumer Electrical

Trade setup for Thursday: Top 15 things to know before the opening bell

Wires and cables manufacturer Polycab India (PIL) on Tuesday reported a 36.72 per cent growth in consolidated profit during the September quarter at Rs 270.45 crore

Polycab India’s Q2 net profit jumps 37% at Rs 270 cr, revenue up by 10.83%

The company’s profit stood at Rs 197.80 during the corresponding quarter of 2021-22, it said in a regulatory filing.

Polycab India’s Q2 consolidated profit up 37% at Rs 270 crore

Polycab India jumped 5% to Rs 2751.15 after the company’s consolidated net profit rose 35.3% to Rs 267.80 crore on a 10.8% increase in revenue from operations to Rs 3,332.36 crore in Q2 FY23 over Q2 FY22.

Polycab India soars after good Q2 outcome

Polycab India Limited is engaged in the business of manufacturing and selling wires and cables, and fast-moving electrical goods (FMEG) under the POLYCAB brand. It operates through three segments: Wires & Cables, Fast moving electrical goods (FMEG) and other. Its Wires & Cables segment manufactures and sells electric wires and cables. Its FMEG segment is an electric consumer durable business, which consists of business covering electric wiring accessories and electric appliances. Its Copper segment is engaged in manufacturing, selling and job work on copper rods and wires. Its Other segment consists engineering, procurement and construction, business which includes design, engineering, supply, execution and commissioning of power distribution. It offers electric fans, light emitting diodes, lighting and luminaires, switches and switchgears, solar products, power cables, control cables, instrumentation cables, solar cables, building wires, rubber cables and green wires.

Polycab India Ltd

Polycab India Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Trade setup for today: Top 15 things to know before the opening bell

Trade setup for today: Top 15 things to know before the opening bell

ETMarkets Fund Manager Talk: Seeing early signs of India-dedicated allocations by FIIs: Rahul Veera, Abakkus Asset Manager

Trade setup for today: Top 15 things to know before the opening bell

Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies on Muhurat Trading?

Buy Polycab India; target of Rs 3300: ICICI Direct

Buy Polycab India; target of Rs 3215: Sharekhan

Polycab India Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Trade setup for today: Top 15 things to know before the opening bell

Trade setup for today: Top 15 things to know before the opening bell

ETMarkets Fund Manager Talk: Seeing early signs of India-dedicated allocations by FIIs: Rahul Veera, Abakkus Asset Manager

Trade setup for today: Top 15 things to know before the opening bell

Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies on Muhurat Trading?

Buy Polycab India; target of Rs 3300: ICICI Direct

Buy Polycab India; target of Rs 3215: Sharekhan

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock