The current market price of Polycab India Ltd. is Rs 2522.55.
Time period given by analyst is Intra Day when Polycab India Ltd. price can reach defined target.
Polycab India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 37375.65 Crore) operating in Consumer Durables sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1905.81 Crore, down -37.82 % from last quarter Total Income of Rs 3064.79 Crore and up 88.65 % from last year same quarter Total Income of Rs 1010.22 Crore. Company reported net profit after tax of Rs 77.40 Crore in latest quarter.
Investment Rationale
Trending upwards on daily frame and closed above its hurdle levels and escalating upwards on weekly time frame
Promoter/FII Holdings
Promoters held 68.4 per cent stake in the company as of June 30, 2021, while FIIs held 6.5 per cent, DIIs 8.7 per cent and public and others 16.4 per cent.
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