Is Finolex cables a good buy?
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Is Finolex cables a good buy?
Price To Earnings Ratio PE vs Industry: FINCABLES is good value based on its PE Ratio (15.9x) compared to the Indian Electrical industry average (20.2x). PE vs Market: FINCABLES is good value based on its PE Ratio (15.9x) compared to the Indian market (20.1x).
Is Polycab a good buy?
Sharekhan believes that the stock of Polycab is a good buy at the current levels and the stock can hit a price target of Rs 2850 from the current levels of Rs 2468. Consolidation of copper prices from mid-June is expected to lead to dealer restocking, pick-up in primary sales, and decline in inventory levels.
Is Polycab overvalued?
Price to Book Ratio PB vs Industry: POLYCAB is overvalued based on its PB Ratio (7.5x) compared to the IN Electrical industry average (1.7x).
Why invest?
Why investing matters Investing is an effective way to put your money to work and potentially build wealth. Smart investing may allow your money to outpace inflation and increase in value. The greater growth potential of investing is primarily due to the power of compounding and the risk-return tradeoff.
What is the future of Polycab share?
Polycab India Limited quote is equal to 2423.750 INR at 2021-12-17. Based on our forecasts, a long-term increase is expected, the “POLYCAB” stock price prognosis for 2026-12-14 is 10832.80 INR. With a 5-year investment, the revenue is expected to be around +346.94\%.
Why is Polycab rising?
MUMBAI : The Polycab India Ltd stock has risen by more than 55\% so far this year. The strong growth in the company’s wires and cables segment, fast-growing electrical goods (FMEG) portfolio and international business have led to increased investor interest.
20-22 per cent
Wires & Cables: Polycab India commands 20-22 per cent market share in FY21. Polycab India, in a recent investor presentation, said that it commanded a market share of 20-22 per cent in the organized wires & cables market, in FY21.
Why is Polycab share falling?
Shares of Polycab fell more than 3\% in early trade today after the company reported a 36\% year on year (YoY) decline in net profit at Rs 753 m for the June 2021 quarter. The net profit declined due to one-off gains seen back in the June 2020 quarter.
Which is better Polycab or havells?
Havells India scored higher in 5 areas: Overall Rating, Work-life balance, Senior Management, Culture & Values and \% Recommend to a friend. Polycab Wires scored higher in 3 areas: Career Opportunities, Compensation & Benefits and Positive Business Outlook.
What is the target of Polycab?
Centrum Broking has buy call on Polycab India with a target price of Rs 3110. The current market price of Polycab India Ltd. is Rs 2318.6.