The fall in the price of copper and aluminium has weighed on the shares of Polycab India Ltd. The stock is down 22% from its 52-week high of Rs2,820 apiece seen on 22 April. These metals are used in cables and wires. On the London Metal Exchange, the price of copper and aluminium has declined by nearly 29% and 27%, respectively, from the average prices in April.“Generally, the increase or decrea...

Stocks to buy today: After copper prices hitting 17-month low on Monday, shares of electric wire maker companies have suddenly emerge as major beneficiaries of this development as falling metal prices may lead to inventory destocking and revival in private CAPEX. On account of these benefits, Polycab India, Havells India, Finolex Cables, KEI Industries, etc. shares are expected to surge and hence ...

Polycab India Ltd reported a weak performance in the June quarter with revenue declining 38% sequentially. The revenue though grew at more than 90% on a year-on-year basis, it came on a low base of last year.Analysts attribute the weak performance to muted infrastructure activities leading to lower B2B or institutional sales for cables and wires (C&W). The fast-moving electrical goods or FMEG segm...

BENGALURU: Polycab India Ltd (PIL) has signed an agreement to acquire 100% stake in Bengaluru-based automation company, Silvan Innovation Labs for Rs182 million.Founded in 2008, Silvan claims to be one of the pioneers in the concept of home automation in the Indian residential building market with a proven track record with many prominent real estate developers. Silvan has installed over 100,000 d...

MUMBAI : The stock prices of Polycab India Ltd, which scaled fresh highs this week, are up more than 50% year-to-date. The strong growth in its wires and cables segment, FMEG (fast-moving electrical goods) portfolio, and international business have driven street sentiments. The March quarter performance holds testimony as revenues grew 43%year-on-year (y-o-y). Analysts at Yes Securities Ltd said t...