Buy Polycab India: target of Rs 1200: Sharekhan
Sharekhan is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 1200 in its research report dated December 22, 2020.
December 23, 2020 / 01:14 PM IST
Sharekhan's research report on Polycab India
Strong traction seen in new launches and sales in pan-India residential market is expected to drive the company’s housing wires and FMEG segments. Multiple price hike undertaken by the company led by a rise in copper prices to drive C&W revenues along with underlying healthy demand. Copper volatility is a natural hedge unaffecting margin profile. The company to deepen its presence in semi-urban and rural markets to drive FMEG business. Exports to remain focus area to aid C&W revenue growth.
We retain Buy on Polycab India Limited (Polycab) with a revised PT of Rs. 1,200, given the improvement in demand in underlying user-industries.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.