STOCK X-RAY: Polycab India: Robust C&W growth, stellar FMEG show
Rating: ACCUMULATE Target Price : INR 9190 Upside : 12% CMP : INR 8207 (as on 15 Oct) MUMBAI, 16 OCTOBER: Polycab India (POLYCAB IN) posted its highest-ever Q2 sales, up 53% YoY, led by C&W and FMEG. C&W grew 47% with wires outperforming cables. Sales growth was driven by elevated copper prices, which rose…
