Archive · 23 Jun 2025
Polycab Shares Rise After Jefferies Predicts 19% Increase
A financial firm named Jefferies believes that Polycab, a company making wires and cables, will see its stock price go up by 19%.
This is because the company's wire and cable business is doing well and the FMEG business is profitable.
Polycab plans to spend a lot of money to grow even more.
The stock went up almost 5% on Monday.
The company is the largest in the country for making wires and cables, and the stock has grown significantly over the last three years.
Jefferies projects a 19% increase in Polycab shares, setting a target price of ₹7,150.
Polycab shares closed nearly 5% higher on Monday.
The company's cable and wire business saw a 26% CAGR in sales.
Polycab plans a capex of ₹6,000 crore to ₹8,000 crore.
The FMEG segment, which contributes 10% to sales, has turned profitable.
- Who
- Jefferies made the prediction.
- What
- Jefferies projects a 19% increase in Polycab shares.
- When
- The stock rose on Monday.
- Where
- The information is about Polycab India.
- Why
- The forecast is based on strong performance and growth of the company.
Risks
Upside
Potential Challenges
Risks
Potential slowdowns in housing and private capex.
Upside
No opposing view presented
- Upside Prediction
- 19%
- Target Price
- ₹7,150
- Capex
- ₹6,000 crore to ₹8,000 crore
- FMEG Contribution
- 10% of sales
- Stock increase (Monday)
- 5%
