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Shares of Polycab India have climbed 175% to over Rs 2,440 in the past one year. On the other hand, the benchmark BSE Sensex has gained 50% during the same period. Overall, the scrip has advanced nearly 354% since listing in April 2019. Should you invest in Polycab at the present levels? On Money9’s show Get Rich, Sakshi Batra and Rahul Oberoi talk about the factors that will support the stock going ahead.
Polycabs is engaged in the business of manufacturing and selling wires and cables. They also manufacture and sell FMEG products including electric fans, LED, lights, cooler, switches etc. The company is aiming to double revenue to Rs 20,000 crore by FY26. The company trades at a significant discount to players like Havells, Crompton.
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