Polycab, which operates in the cables and electricals sector, rounds out the list. The stock trades at Rs 7,581 and is expected to reach Rs 8,440, implying a potential upside of 11%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) … Read more
Two Indian manufacturers, Laser Power & Infra Ltd (LPIL) and Indo MIM Ltd, filed draft red herring prospectuses (DRHPs) with the markets regulator Securities and Exchange Board of India (Sebi), setting the stage for initial public offerings (IPOs) that together could raise over Rs 2,200 crore. The filings mark the latest wave of industrial and … Read more
Mumbai: Promoters Nikhil Jaisinghani, Bharat Jaisinghani, Ajay Jaisinghani, Girdhari Jaisinghani, Ramesh Jaisinghani, Inder Jaisinghani along with shareholder Anil Jaisinghani sold shares of Polycab India worth ₹1,739 crore in a block deal on NSE on Thursday. They sold 23.32 lakh shares at ₹7,458 apiece. The promoters and Anil Jaisinghani held 48.7% in the company as of … Read more
Promoters of wires and cable company Polycab India will likely offload up to 0.81% stake in the company via block deals on Thursday. The floor price has likely been set at Rs 7,300 per share taking the deal size to Rs 887.6 crore. The floor price is likely set at a discount of 3.1%, a … Read more
Mumbai: HDFC Asset Management Company, Bosch, Muthoot Finance, Cummins India, Polycab India, Dixon Technologies, Swiggy and Canara Bank are likely to be upgraded from mid-cap to large-cap in the next Association of Mutual Fund in India’s semi-annual reclassification in January 2026, according to Nuvama Alternative & Quantitative Research. The mutual fund industry body announces the … Read more
Home appliances maker Orient Electric posted an over two-fold rise in fourth-quarter profit on Friday, helped by strong demand for its fans and air coolers with the onset of summer. The company’s profit rose to 312.6 million rupees ($3.66 million) in the quarter ended March 31, from 128 million rupees a year ago. Revenue from … Read more
Mumbai: The Adani Group is set to enter the estimated ₹75,000-crore wires and cables business, its proposed foray denting the stocks of incumbents Thursday, as competitive intensity increases in an industry that saw the entry of another large conglomerate a few weeks ago. Kutch Copper, a wholly-owned subsidiary of group incubator and flagship, Adani Enterprises, … Read more
The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more
Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: InCred … Read more