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Prabhudas Lilladher Recommends Buying Polycab India with Target of Rs 11,083
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Moneycontrol•16-10-2026, 09:58
Prabhudas Lilladher Recommends Buying Polycab India with Target of Rs 11,083
- •Prabhudas Lilladher has issued a buy rating on Polycab India in its research report.
- •The brokerage firm has set a target price of Rs 11,083 for the stock.
- •The research report featuring this recommendation was dated October 16, 2026.
Key Questions Answered
Prabhudas Lilladher set a target price of Rs 11,083 for Polycab India in its research report dated October 16, 2026, maintaining a buy rating on the stock.
Polycab India's domestic W&C revenue grew 42.8% YoY while the overall W&C segment grew 39.0% YoY in Q1FY27, supported by domestic demand, robust execution, and commodity-linked realizations.
The FMEG segment delivered a healthy quarter with 71.0% YoY growth and an EBIT margin improvement to 8.0%, supported by operating leverage and a premium products mix, with solar products remaining the primary growth driver.
