Latest news with #PolycabIndiaLtd.
Business Insider
2 days ago
- Business
- Business Insider
Citi Sticks to Its Buy Rating for Polycab India Ltd. (POLYCAB)
In a report released today, Ashish Kanodia from Citi maintained a Buy rating on Polycab India Ltd., with a price target of INR8,600.00. The company's shares closed last Friday at INR6,926.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Kanodia covers the Consumer Cyclical sector, focusing on stocks such as Aditya Birla Fashion and Retail Limited, Devyani International Ltd., and Jubilant Foodworks Limited. According to TipRanks, Kanodia has an average return of 4.3% and a 41.67% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Polycab India Ltd. with a INR6,468.86 average price target, which is a -6.60% downside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a INR8,428.00 price target. The company has a one-year high of INR7,607.15 and a one-year low of INR4,557.45. Currently, Polycab India Ltd. has an average volume of 17.34K.
Business Insider
2 days ago
- Business
- Business Insider
Polycab India Ltd. (POLYCAB) Receives a Buy from Morgan Stanley
Morgan Stanley analyst Girish Achhipalia maintained a Buy rating on Polycab India Ltd. today and set a price target of INR8,428.00. The company's shares closed last Friday at INR6,926.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Achhipalia is ranked #4930 out of 9841 analysts. Currently, the analyst consensus on Polycab India Ltd. is a Moderate Buy with an average price target of INR6,468.86. Based on Polycab India Ltd.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR69.86 billion and a net profit of INR7.27 billion. In comparison, last year the company earned a revenue of INR55.53 billion and had a net profit of INR5.46 billion
