Polycab India
(-0.71%)
: Citi maintains Buy on Polycab India with a Target Price of ₹10,500, citing domestic demand recovery post-March weakness, mid-to-high single digit volume growth despite a high base, ~8–10% price hikes to pass on commodity/currency inflation, strong export acceleration in FY27 driven by US restart and new geographies, EHV capex-led optionality (~₹24bn revenue potential), steady 12–14% C&W margins, and strong visibility from BharatNet/RDSS projects (~₹18–20bn FY27 revenue).
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