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The Latest Breaking News from Polycab

Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days

UltraTech’s entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth,…

The Economic Times

Polycab, KEI Industries shares crash up to 9% after UltraTech Cement enters wires & cables business. What Jefferies, Nuvama expect

Shares of Polycab and KEI Industries fell sharply after UltraTech Cement launched its ₹1,800 crore wires and cables business, Ultravolt. Brokerages warned that the Aditya Birla Group’s aggressive entry could trigger near-term de-rating across the cables and wires sector, although Nuvama retained Polycab and KEI as its top picks.

The Economic Times

Global chip rout: How should investors play India's AI trade that gave up to 400% returns this year?

Global AI stocks face a sharp selloff, impacting Indian investor strategies. Indian markets focus on infrastructure like data centers and power equipment. Analysts suggest a balanced approach, avoiding panic exits from AI-linked trades. Investors should prioritize quality companies with strong fundamentals and clear execution. Valuation resets offer opportunities for disciplined,…

The Economic Times

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Polycab India shares fall 4% despite strong Q1 earnings, profit jumps 33% YoY

Polycab India shares slipped 4% on Friday despite the company reporting its best-ever first-quarter performance. Q1FY27 net profit rose 33% year-on-year to Rs 797 crore, while consolidated revenue jumped 39% to Rs 8,210 crore. Strong growth in the Wires & Cables and Fast-Moving Electrical Goods (FMEG) businesses drove the robust…

The Economic Times

Stocks in news: Wipro, Jio Financial, HDB Financial, HDFC AMC, SBI

Indian markets experienced volatility, ending nearly unchanged amid mixed global cues. Several companies like Wipro and Jio Financial announced their first quarter results today. Angel One reported a strong quarter with significant year-on-year profit growth. HDB Financial and HDFC AMC also posted increased profits for the June quarter. SBI appointed…

The Economic Times

Jefferies raises Polycab share price target after 30% rally in 2026. Here are 5 reasons why

Polycab India gained up to 4% after Jefferies raised its target price to Rs 10,920 and reiterated its Buy rating. The brokerage cited market share gains, data centre opportunities, a healthy order pipeline, diversified revenue streams and strong earnings growth expectations despite the stock’s sharp rally this year.

The Economic Times

Polycab soars 6% as brokerages hike target prices up to Rs 10,500 after Q4

Polycab India shares jumped 6% to Rs 8,938.70 after the company posted stronger-than-expected Q4 results, triggering a wave of target price hikes by brokerages. Consolidated revenue rose 27% YoY, while EBITDA grew 13%. Analysts said the performance stood out despite geopolitical disruptions, weak March demand and channel destocking, with Citi…

The Economic Times

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