
Polycab remains a key stock in the power and cables space, with strong performance across wires, cables and FMEG. Rising copper prices could trigger advance restocking across distribution channels, potentially benefiting cable companies. Sunny Agarwal, SBI Securities, says robust capital expenditure in the power sector and growing data centre demand are creating fresh opportunities for the industry. Polycab is seen offering a moderate risk-reward profile at current levels, with a fair value of ₹11,000. The stock could be accumulated with an investment horizon of three to eight months, according to the market expert quoted in the discussion.