Polycab shares rose 2% intra day to Rs 7788 in the afternoon session. Market cap of the firm stood at Rs 1.16 lakh crore.
The FMEG stock gained 2.16% to a high of Rs 7,711.30 against the previous close of Rs 7548 on BSE. Market cap of the firm rose to Rs 1.15 lakh crore.
Nuvama continued to endorse Polycab India, KEI Industries, Havells India, Amber Enterprises, and PG Electroplast as its top picks. In contrast, it maintained a cautious outlook on Symphony and Voltas.
The wire and cables stock was trading in the green in the current session. It rose 1.50% to Rs 7057 in the afternoon session on Monday. Market cap of the firm stood at Rs 1.05 lakh crore.
Axis Securities said that Hero MotoCorp has confirmed a multiple resistance zone at Rs 4,430 levels on a closing basis on the daily charts, accompanied by huge volumes.
Shares of Polycab India, KEI Industries and RR Kabel, witnessed up to a 4% rise in share prices on Monday.
Jefferies projects Polycab shares to surge by 19%, setting a target of ₹7,150.
The multibagger stock closed 1.02% lower at Rs 6041 on Tuesday against the previous close of Rs 6041.45.
Shares of select wires and cable companies including Polycab India, Havells India, RR Kabel and KEI Industries tumbled as much as 9 per cent during Thursday's trade.
Achin Goel, PMS Fund Manager at Bonanza Group, says domestic consumption stocks can mitigate potential impacts of tariffs
UltraTech Cement shares plunged 5.07 per cent to hit a low of Rs 10,411.90 today. Polycab India, Havells India and KEI Industries tumbled 9-10 per cent.





