Polycab surges on Q1 beat; Analysts see ₹7,500-8,000 upside
Polycab rallied after a strong Q1, with PAT up 49% YoY and margins expanding to 14.5%. Analysts see bullish momentum, citing zero debt, export growth, and volume-backed breakout. Key resistance lies at ₹7,100, with support at ₹6,600. Citi, UBS raised targets to ₹7,700-8,100. Sustained margins may trigger valuation rerating. Stock is down 4% YTD.