Polycab India Upgraded: Jefferies Boosts Estimates Targets 23% Higher

  Published 9 months ago

Jefferies raises Polycab's EPS estimates, boosting the target 23% as capex drives 22% CAGR growth. Stock jumps 4.8%. Analysts average 'buy'.

  • Jefferies cites a strong order book, 28B rupees capex aiding 26% CAGR in cables.
  • Forecasts 22% CAGR from FY25- 28, led by volume growth, primary driver for Polycab.
  • Analysts' average 'buy' rating with a 7,075 rupee target, aligning with Jefferies' higher TP.

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