Mirae Asset Sharekhan has reiterated its BUY rating on Polycab India Ltd, assigning a target price of Rs 7,300, signaling a strong upside from its current market value of Rs 5,886.

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.