The brokerage has a buy rating on Polycab India with a target price of Rs 2,860, implying an upside of 12%.
The stock has maintained a leadership position in the organized C&W segment with a market share of over 24%. Moreover, with superior financial strength, expansion of distribution network into tier-2, and tier-3 cities, and strong brand recall, it is poised to gain market share from unorganised players in both Wires and FMEG segments.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
