economictimes.indiatimes.com ·
polycab shares jump 6 as post earnings target prices go up to rs 10500 should you buy now
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AI insight
AI-generatedPolycab India's strong Q4 results and market share gains in the organized cables and wires sector drive positive sentiment. The company benefits from increased demand in electrical infrastructure and construction. Brokerages raised target prices, reflecting confidence in future earnings growth. The impact is company-specific and India-focused, with no direct commodity price or supply chain disruption.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Polycab India shares rose 6% to Rs 8,938.70 after Q4 results.
- Consolidated revenue increased 27% year-on-year.
- EBITDA grew 13% year-on-year.
- Citi set highest target price at Rs 10,500.
- Market share in organized cables and wires sector grew to 30-31% (up 300-400 bps YoY).
Cables and wires in India may see 1-2% upside in the mid-term; cautious optimism due to market share dynamics.
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