Jefferies continues to express optimism about Polycab India, upholding its buy rating and setting a target price of ₹8,000 per share. The brokerage is awaiting additional information regarding the tax evasion accusations for a more comprehensive assessment.
The preference for premium products continued, with more demand for, say, double-door refrigerators than single-door ones. Washing machines, TVs and fans also saw higher demand at the top end.
DCX Systems, a manufacturer of cables and wire harness assemblies, on Friday announced a price band of Rs 197 to Rs 207 per share for its Rs 500-crore initial public offering (IPO).