The 17,300 level is expected to act as a crucial support, followed by the recent swing low of 17,250 and, if the said levels get broken, then there could be correction up to the 17,000 mark
ITC has been in a strong uptrend since February last year and after a brief consolidation of 2 months, the stock looks ready for the next upmove.
Emkay Global Financial is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 3147 in its research report dated January 22, 2023.
Polycab India is currently focusing on expanding its distribution reach and changing its revenue mix to propel its earnings trajectory.
Sharekhan is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 3320 in its research report dated January 20, 2023.
Prabhudas Lilladher recommended hold rating on Polycab India with a target price of Rs 2750 in its research report dated January 21, 2023.
Net Sales are expected to increase by 8 percent Y-o-Y (up 9.3 percent Q-o-Q) to Rs 3,641.7 crore, according to Nirmal Bang.
Sharekhan is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 3215 in its research report dated December 02, 2022.
Finolex Cables surged 10 percent to close at Rs 495, the highest closing level since February 9, 2022, and formed a large bullish candlestick pattern on the daily charts with robust volumes.
ICICI Direct is bullish on Polycab India recommended buy rating on the stock with a target price of Rs 3300 in its research report dated October 19, 2022.
Sharekhan is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 3215 in its research report dated October 19, 2022.
YES Securities is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 3341 in its research report datedOctober 19, 2022.
A market leader in the wires and cables segment, the company is well positioned to emerge as an industry leader in the consumer durables market
The company's profit stood at Rs 197.80 during the corresponding quarter of 2021-22, it said in a regulatory filing.
Net Sales are expected to increase by 0.7 percent Y-o-Y (up 10.7 percent Q-o-Q) to Rs. 621.1 crore, according to Yes Securities.
The weekly expiry could keep the markets volatile as we have witnessed steady rise in open interest in 18,000 CE strike in the past few days while on the downside 17,800 PE strike has the highest open interest of more than 2,20,000 contracts which could act as immediate support from current levels.
Technical indicators are giving positive signals as Info Edge is trading above the 20 and 50 days SMA and there also recently a positive moving average crossover as the 20 days SMA moved above the 50 days SMA.
Sharekhan is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 2840 in its research report dated July 20, 2022.
Prabhudas Lilladher recommended hold rating on Polycab India with a target price of Rs 2264 in its research report dated July 21, 2022.