Potential 30-40% returns from Polycab & KEI Industries in the Rs 1.8 lakh crore-cables & wires sector fueled by industry growth, exports, and government policies favoring organized players and renewable energy.
Polycab price surged 3.18%, and open interest saw an increase of 0.46%. Grasim Industries stock rose 3.01%, and the open interest saw an increase of 0.45%.
Havells stock has consistently held a premium valuation owing to the expansive scale, well-diversified portfolio, and ranking among the top three players in all product categories
JM has picked Waree Renewable Technologies, Insolation Energy and Premier Energy and Infrastructure as its top bet in the segment along with eight other stocks from allied industries.
Brokerage firm Jefferies maintained its buy call on the company while slashing the target price from Rs 7,000 to Rs 5,870 as the company missed margin estimates due to low exports and higher advertisement spending in the quarter.