Synopsis : Shares fell after promoter’s 0.81% stake sale, creating short-term pressure. Strong Q1 revenue and profit growth was led by wires & cables and FMEG segments, while EPC lags. Strategic capex, premiumization, and operational efficiency underpin long-term expansion and margin improvement.

The shares of the prominent cable manufacturer plummeted 1.3 percent in today’s trading session after the company’s promoter is expected to offload 0.81 percent of the company via a block deal.

With a market capitalization of Rs 1,12,922.29 crore, the shares of Polycab India Ltd were trading at Rs 7,506.60 per share, decreasing around 0.35 percent as compared to the previous closing price of Rs 7,533.20 apiece.

Block Deal

The shares of Polycab India Ltd have seen bearish movement after it

See Full Page