Polycab India Shares: These shares can change your luck, tremendous rise in the market, know by how much percentage it has increased…

Polycab India Shares: The share price of Polycab India Limited is seeing a rise of up to 4 percent on Thursday. The share was trading at Rs 6 thousand 420.00 with a rise of 4.25 percent. The market cap of this company is Rs 96.62 thousand crore. This rise in the share price of the company is being seen after the quarterly results.

Brokerages are bullish on shares of Polycab India Limited after the company has announced its financial results for the quarter ending December 31, 2024.

The wire, cable and fast-moving electric goods maker reported 11.5 per cent rise in consolidated net profit at Rs 464.35 crore in the December quarter.

Global brokerage firm Jefferies has maintained a buy rating on Polycab India shares with a target of Rs 9,220. According to the current market price, the company has an upside of Rs 2 thousand 979.

The brokerage firm said that the demand for wire has declined due to softening copper prices. The brokerage said channel inventory also remained high at the beginning of the third quarter. Good guidance has been given for the medium term. FY24-27 Sales/PAT CAGR 24 per cent/25 per cent.

Macquarie has maintained outperform rating on the share price of Polycab India Limited with a target price of Rs 7 thousand 928. The brokerage firm said the company's strategic outlook indicates 15 percent revenue growth in FY25-30E.

Polycab India Shares: It also expects 3x asset turn over incremental revenue. “The worst margins for the FMEG segment are behind us. The company will benefit from strong export demand for power sector and C&W.