Polycab Share Price: Buy with a price target of Rs 1530 says Sharekhan
Sharekhan retained Buy on the stock with a revised price target of Rs 1530. Polycab, being the market leader in wires & cables (W&C) segment, remains the major beneficiary to reap benefits from a pick-up in real estate demand and a revival in government spending in power, infrastructure, railways and housing. The company has presence across segments like power cables, control cables, optic fiber cables, instrumentation cables and solar cables to cater to various requirements.
A combination of low interest rates, tax benefits, lower stamp duty, attractive developer schemes and low property prices are positive for housing and housing-related products in the near to medium term: Reuters