Stories
Polycab India Share Price Target: Three Analysts See Stock Surpassing ₹11000
C
CNBC TV18•16-10-2026, 14:35
Polycab India Share Price Target: Three Analysts See Stock Surpassing ₹11000
- •Polycab India shares recovered from intraday lows following strong September quarter results, with 86% of analysts maintaining a buy recommendation.
- •Citi leads street estimates with a target price of ₹11600, followed by Prabhudas Lilladher at ₹11083 and Jefferies at ₹11040.
- •CLSA and Macquarie issued outperform ratings with targets of ₹10240 and ₹10156 respectively, praising strong revenue and EBITDA growth.
- •HSBC assigned a buy rating with a target of ₹10550, citing commodity inflation, strong execution, and margin expansion across segments.
- •Jefferies highlights Polycab as a key play on power and infrastructure capex, projecting a robust earnings CAGR of over 22% through FY28-29.
Key Questions Answered
Three analysts expect Polycab India's share price to cross ₹11,000 over the next 12 months, with Citi leading at a target of ₹11,600, followed by Prabhudas Lilladher at ₹11,083, and Jefferies at ₹11,040.
Polycab delivered strong second-quarter results with revenue and EBITDA rising 53% and 39% respectively, while its cables and wires segment grew 47% and Fast Moving Electrical Goods more than doubled.
A total of 86% of the 36 analysts covering Polycab India maintain a buy recommendation, consisting of 30 buy ratings, five hold ratings, and one sell rating.
