Polycab India has reached a new high in May, indicating an ongoing upward trend. This presents investors with the challenging choice between buying more shares or cashing in on existing investments.
Polycab India Limited
POLYCABPrice History
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JPMorgan has selected Vedanta and Polycab as part of their top 30 stocks, representing promising investment options across various sectors, signaling potential growth opportunities in a range of industries.
The Nifty index dropped by 80 points, indicating a bearish trend, while the Bank Nifty fell by 650 points, suggesting profit-taking. Investors are advised to consider buying Bharti Airtel with a target price of 1,980 and Polycab at 6,310. On the flip side, Oberoi Realty could be sold with a potential target price of 1,470.
Polycab India Limited has announced an upcoming investor meeting on May 27, 2026, in Mumbai with Ashika Institutional Equities. The gathering aims to discuss the company's corporate strategy and earnings performance, utilizing publicly available information.
The Nifty Next 50 portfolio might see new additions such as Wipro, Polycab, Hitachi Energy, Indian Bank, and ICICI Pru AMC, potentially attracting around $212 million in investments. Conversely, the exit of companies like Indian Hotels, REC, Shree Cement, Zydus Lifesciences, and Lodha may lead to a possible outflow of approximately $202 million, according to Axis Capital's analysis.
Foreign investors (FPIs) have been reducing their holdings in major companies like HDFC Bank, Reliance, Infosys, TCS, and Asian Paints since 2022. Instead, they are increasingly investing in domestic sectors focused on growth, such as Paytm, Eternal, Polycab, and healthcare. This shift suggests a new investment strategy favoring emerging industries within India.
Polycab India experienced a significant growth, reaching a 52-week high of ₹9,239 in Q4 FY26. The company's revenue jumped by 26.9% YoY to ₹8,864 crore, driven by robust performance in wires & cables and FMEG sectors, which increased by 30% and 47% respectively. In the past year, the stock has outperformed the NIFTY Midcap 50, reporting a 54.5% increase.
Experts advise investing in Canara Bank and Vedanta when prices drop, while maintaining current holdings in HFCL and L&T, with partial profits taken from L&T. ABB India is a recommended long-term buy, while short-term tips suggest selling SBI and Chennai Petroleum, and holding onto Polycab and Sandur Manganese.
The Nifty closed lower today with a 80-point drop, forming a bearish candle. The index is now ranging between 23,800 and 24,800 levels. Stock recommendations include buying Bharti Airtel and Polycab, while Oberoi Realty might be sold. Bank Nifty dipped below the 54,300 zones.
Investment analysts are optimistic about companies like Polycab, Paytm, and Coforge, suggesting a possible increase of 15% to 88% in their share prices. These firms could be good investment opportunities according to leading brokerages.
Polycab India has surged past its weekly resistance level with a significant increase in trading volume, suggesting strong buyer interest. This development indicates that the previous resistance could now act as support, potentially signaling a bullish trend for the stock moving forward.
Today, Polycab's shares experienced heavy trading activity, hitting the day's peak price, indicating strong investor interest.
The BSE Capital Goods index has reached a new record high of 79,887.6, marking a significant 17% increase over the past two months. This surge is largely attributed to an optimistic business outlook, with heavyweights like BHEL showing a 65% growth since April and companies such as Polycab projecting potential GDP growth of 1.5-2 times in wires and cables. The sector's positive momentum can be linked to government policies and increased capital expenditure.
Polycab's FY26 revenue reached an all-time high of ₹289 billion, marking a 29% increase year over year, and profit after tax climbed 32% to ₹27.1 billion. The Wire & Cables sector spearheaded the growth, with the FMEG division seeing a 25% rise. As a result, Polycab's stock price surged by 42% compared to last year, outperforming the Nifty Midcap 50 index by nearly 27%.
Foreign institutional investors (FII) increased their stakes in companies like Cummins India, Hitachi Energy, BPCL, Polycab India, and GE Vernova during the fiscal year 2026, suggesting a positive outlook. Analyst Ashesha A's review indicates potential upside for these stocks, given their current ratings, valuations, returns, and growth prospects.
Polycab India reports a stronger-than-expected Q4 profit of INR 773 crores, up from last year's figures by 27%. The company surpassed revenue estimates as well, reaching INR 8864 crores compared to the projected INR 8195 crores.
Today's market showed signs of volatility amid a decrease in crude prices and a stronger Indian Rupee. Notably, Hero Moto, CG Power, Polycab, and Paytm experienced significant increases, indicating investor confidence in these stocks.
Goldman Sachs has raised its target price for Polycab India to ₹8,140, signaling a positive outlook while maintaining a neutral stance on the company's shares. The previous target of ₹7,690 indicates an upward revision in their assessment of the company's potential growth.
Citi maintains a 'Buy' recommendation for Polycab, boosting the target price to ₹10,500 due to improved market position, efficient operations, and increased scale. The company anticipates gains from commissioning EHV capacity by year-end, contributing to FY28 earnings. Effective raw material cost management is assured through hedging practices.
Morgan Stanley has reaffirmed a positive outlook towards Polycab India, setting a price target of INR 8,707 and keeping the 'Overweight' classification. This suggests a bullish stance on the cable manufacturer's potential performance.
Polycab shares have seen a 6% growth following an increased target price of ₹10,500 due to positive earnings. However, investors might want to consider the recent price rise before deciding on buying shares, as discussed by ETMarkets.
Elara Capital has raised its target price for Polycab India to ₹8,920, indicating continued positive sentiment towards the company's stock performance. The investment firm maintains a 'Buy' recommendation for investors.
Key Indian companies such as Britannia, Dabur, BSE, Biocon, Bharat Forge, Bajaj Holdings, MRF, Escorts Kubota, Indraprastha Gas, and Apollo Pipes will be releasing their Q4 financial results for FY26 today. Investors are eager to evaluate these companies' performances and plans for the upcoming fiscal year.
Today, Polycab experienced a surge in trading activity, hitting its daily high price. This suggests increased investor interest in the company.
Jefferies upgrades Polycab's target price to ₹9,770, signaling a 'Buy' recommendation. The decision is based on the company's impressive market share gains and projected 18% growth in fiscal year 2026 in construction and wire & cable segment. Despite potential margin pressure, Polycab's strong structural growth in power and housing sectors, promising EPS CAGR of approximately 21% for the next three years, and continued profitability in FMEG sector support a positive outlook for the company.
CLSA anticipates Bajaj Auto's stock to reach ₹11,643, indicating a positive outlook. HSBC, on the other hand, shows strong faith in Polycab's success within the wires and cables sector.
Polycab India has announced a proposed dividend of ₹47 per share for the fiscal year 2025-26, assuming a face value of ₹10. However, this decision is subject to approval at the Annual General Meeting (AGM), with payments expected within a month following the AGM.
Polycab India executed a significant block trade on the National Stock Exchange (NSE), worth approximately INR 79.2 crore for about 93,810 shares, priced at around INR 8,437 per share. This substantial transaction indicates strong investor interest in the company.
Polycab's Q4 earnings exceed expectations, recording a net profit of 772.7 crore INR compared to the estimated 691 crore. Revenue also surpassed projections, hitting 8,864.4 crore INR instead of the forecasted 8,233 crore.
Polycab India's earnings from engineering, procurement, and construction (EPC) projects dipped by 15% year-over-year, primarily due to delays in completing these projects.
Polycab India's Q4 profits have risen significantly, reaching ₹7.7 billion – surpassing initial estimates and demonstrating strong performance compared to the previous year.
Bajaj Auto sees a 35% surge in electric vehicle sales year-on-year, while Paytm reports narrowed losses due to an increase in merchant transactions. Meanwhile, Shree Cement experiences lower profits due to escalating costs, but Polycab benefits from a 22% net profit rise driven by real estate and infrastructure demand.
Polycab's Q3 earnings showed a steady EBITDA margin, hovering between 12% and 14%, as anticipated. This consistency in profitability is a positive sign for the company's financial performance.
Polycab India recently revealed their FY26 financial results, emphasizing their company standing and market presence. The presentation covered key product sectors, financial data, strategic actions, and upcoming growth strategies.
Experts have recommended six stocks for quick returns over the next week, including Crompton Greaves, GMR Airports, and Polycab India. The market experienced growth on May 4, with Sensex increasing by 0.46% to 77,269.40 and Nifty rising 0.51% to 24,119.30, driven by optimistic signals.
Polycab India has established a new subsidiary, Polycon Infra Projects Pvt Ltd, with an initial authorized capital of INR 1 crore. This company will concentrate on Engineering, Procurement, and Construction (EPC) projects for power distribution and telecommunications, fully owned by Polycab.
On May 6, 2026, Polycab India will convene a board meeting to evaluate their audited financials and decide on dividend distribution. Trading in Polycab's securities remains halted until May 8 due to the pending board meeting results.
Polycab India has completed a significant block trade on the NSE, selling 25,700 shares at approximately Rs. 8101.50 per share, resulting in a total value of around Rs. 20.82 crore from this transaction.
Axis Securities advisor Rajesh Palviya suggests investing in Tata Power, Polycab, and BEL due to their promising bullish tendencies as suggested by technical analysis. These stocks are predicted to offer significant returns in the near future.
HSBC has affirmed its 'Buy' recommendation for Polycab due to robust Q4 revenue growth, boosted by higher sales realizations. However, KEI Industries received a 'Hold' rating from HSBC due to ongoing challenges in West Asia.