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    HomeNewsBusinessStocksBuy Polycab India; target of Rs 8868: Anand Rathi

    Buy Polycab India; target of Rs 8868: Anand Rathi

    Anand Rathi is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 8868 in its research report dated October 23, 2025.

    Broker Research
    October 24, 2025 / 12:03 IST
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      26 Aug, 2025 12:21
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      Anand Rathi's research report on Polycab India

      Broad-based expansion in its Cables & Wires business boosted Polycab India’s Q2 revenue 18% y/y. Operating leverage, product premiumisation and a favourable mix gave it its highest quarterly margins. Premiumisation and a standout quarter for solar products fortified the FMEG performance. With the EHV plant on track and disciplined capex under Project Spring, the company is set to retain double-digit growth and healthy margins, reinforcing its primacy in the electricals ecosystem.

      Outlook

      We retain our Buy recommendation, with a Rs 8868 TP (earlier Rs8,705).

      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.

      Polycab India - 24102025 - anand
      Broker Research
      first published: Oct 24, 2025 12:03 pm

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