Three analysts see Polycab India shares above ₹11,000 after quarterly results
According to cnbctv18.com, three analysts expect Polycab India shares to cross ₹11,000 within 12 months after strong September quarter results.
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what happened
Shares of Polycab India Ltd. recovered from Friday's intraday lows after the company reported September quarter results a day earlier. According to cnbctv18.com, 86% of the 36 analysts covering the stock still rate it a 'buy'.
Citi has the highest target on the street at ₹11,600, followed by Prabhudas Lilladher at ₹11,083 and Jefferies at ₹11,040. CLSA and Macquarie keep 'outperform' ratings with targets of ₹10,240 and ₹10,156, while HSBC, rated 'buy', sees ₹10,550. CLSA said revenue and EBITDA rose 53% and 39%, with the cables and wires segment up 47%. Jefferies noted that the shares fell 20% from their June 2026 peak after the Ultravolt launch and trade at 35 times one-year forward earnings.
why it matters
Polycab's business is tied to power and infrastructure capital spending, so its share moves offer a read on that segment. Analysts flag a high comparison base in the third quarter and rising competition in cables and wires as the main risks to growth.
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- How high can the Polycab India share price go? Three analysts see it past ₹11,000 — cnbctv18.com, 16 October 2026 at 09:05 UTC
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