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HSBC has raised its target price for Polycab India Ltd (POLC.NS) to ₹8,900 from ₹8,600, reflecting confidence in the company’s strong growth trajectory. The revision underscores Polycab’s leadership in wires and cables, expanding market share, and robust demand outlook amid India’s infrastructure and housing sector boom.
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Key Highlights
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Target Upgrade: HSBC revised Polycab India’s target price to ₹8,900, up from ₹8,600, signaling optimism about earnings growth and sectoral demand.
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Sector Leadership: Polycab remains India’s largest manufacturer of wires and cables, with a growing footprint in fast-moving electrical goods (FMEG).
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Growth Drivers: Rising investments in infrastructure, housing, and electrification projects continue to fuel demand for Polycab’s products.
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Financial Strength: Analysts highlight Polycab’s healthy balance sheet, strong cash flows, and expanding margins, which support long-term growth.
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Market Sentiment: The upgrade reflects broader investor confidence in India’s power and construction sectors, where Polycab plays a pivotal role.
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Strategic Outlook: With ongoing capacity expansion and product diversification, Polycab is well-positioned to capture emerging opportunities in renewable energy and smart electrical solutions.
This upgrade reinforces Polycab’s status as a market outperformer, aligning with India’s broader push toward infrastructure modernization and electrification.
Sources: Economic Times, Business Standard, Reuters India
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