Polycab India Q3: BNP Paribas sees adjusted profit at Rs 447.20 crore, up 25 per cent. It sees sales rising 22 per cent to Rs 4,539.20 crore amid resilience in the demand for cables and wires, both in domestic and international market.
Polycab India Q3 results: Prabhudas Lilladher said it expects sales to grow 12 per cent YoY with Wires & Cables growing 11.1 per cent, a lower growth due to last 10 days of disruption in business and slowdown in wire business.
The Nifty 50 index hit a new record high of 21,874 points, driven by strong support from the IT sector, with largely Infosys and TCS contributing to the rally.