Polycab India Ltd.

NSE: POLYCAB | BSE: 542652 | ISIN: INE455K01017 | Industry: Wires & Cables
| Mid-range Performer

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Polycab India Ltd.
26 Oct 2020
7603.00
2.20%
Yes Securities
Polycab reported stronger than expected numbers led by healthy revival in domesticB2Csegmentandexports.C&W;segmentrevenuesdeclined5%yoy;the decline was lowerthanexpected on account of double digit growth in housing wiresand47%yoygrowthinexports.However,domesticB2Bsegmentdeclined 3040%yoyduetoslowerexecutionininfrastructureprojects.ExcludingDangote revenues (Rs440mn), exports jumped 400% yoy led by increasing presence in exportmarket.Recoveryinrevenuesisalsoaidedbythestrongincreaseincopper prices. FMEG growth of 24.7% yoy was quite higher than our expectations....
Polycab has gained 26.71% in the last 6 Months
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