Citi has maintained its ‘Buy’ rating on Polycab with a target price of ₹8,600, indicating a potential upside of 40.3% from the current market price of ₹6,125.00.
The brokerage emphasized that Polycab continues to be its top pick in the consumer durables sector, supported by the normalization of margins in the wires segment. Citi noted that the company’s export momentum is expected to remain strong through Q4FY25, further bolstering its growth outlook. Additionally, Polycab has announced its next 5-year strategic plan, which is expected to enhance its market positioning and growth trajectory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
