Polycab India remains a formidable force in the cables and wires (C&W) segment, despite increasing industry competition.

Polycab India, Havells, RR Kabel, KEI Industries were among major losers as UltraTech Cement announced its entry in the wires & cables (W&C) market with planned investment of Rs 1,800 crore

Sharekhan has issued a BUY recommendation for Polycab India, emphasizing the company’s robust performance and leadership in the wires and cables (W&C) industry.

Polycab India share price closed 2 percent higher on Friday, placing the stock in bullish region on technical charts.

Polycab India Shares were trading 2.1 percent higher during early trades on Wednesday.

Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session.