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POLYCAB

Polycab - Wires & Cables demand in multiple sectorsConcall Polycab...3K Cr Capex over 3Y. A bit towards backward integration(improves efficiency) & FMEG segment Seen 30-40% volume growth in Q4 & last year. Industry at 22% growth No material impact in pricing pressure despite rise in commodities(copper & Aluminium) pricing. Mgmt seems to have witnessed this G8 demand in Infrastructure, Power, Renewable energy, EV, Railways sectors...and so capacity expansion. Seems to be an article published mentioning power deficit in India in June 12-13% consistent margins achievable over long time Distributors playing key role in sales.. Cuz only 10% customers directly buying from company. 89-90% sales is thro' distributors... RDSS govt project open orders close to Rs. 50 Bn FY 23 closed with 18K Cr revenue. Previously set target was 20K Cr top line by FY 26. But this will be revised(increased) by this FY
NSE:POLYCABLong
by naraykln
Potential Breakout: Polycab Indicates Upside Momentum Above 5780Details: Asset: Polycab India Limited (POLYCAB) Breakout Level: Sustaining above 5780 Potential Target: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Polycab India Limited (POLYCAB) is showing signs of a potential breakout above the 5780 level. Sustaining above this level could indicate a bullish sentiment shift and pave the way for significant upside momentum. If the breakout is confirmed and sustained, POLYCAB may experience a substantial upmove. Market Analysis: Technical Breakout: A sustained move above 5780 would suggest a technical breakout, attracting buying interest and potentially driving the price higher. Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in POLYCAB. Price Target: The potential upside target for POLYCAB is not specified but is expected to be significant if the breakout sustains. Risk Management: Implementing a stop loss strategy below the breakout level is essential to manage risk in case of unexpected price reversals. Timeframe: The projected upside move for POLYCAB is based on a short to medium-term outlook, but actual timing may vary based on market dynamics. Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio. As always, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:POLYCABLong
by CyborgTradingHub
POLYCAB - Weekly Channel pattern - Read description carefullyPOLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock. My thoughts (not a trading recommendation): 2 scenarios - I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks. I'd go short if the channel breaks with good volumes and my stop loss will be if the stock comes back into the channel.
NSE:POLYCAB
by SwingtradesbyAbhishek
Polycab - Valuations at its peakPolycab stellar performer among wires & cables. Polycab's guidance value is to achieve 20K Cr revenue(top-line) sales by 2026. And it appears they'll achieve ahead of timeline. Company expects volume growth to continue in the second half as well. As of 2023, 14K Cr sales. Jefferies adjusted its price target for Polycab India from INR4,835 to INR6,220 and maintained its "buy" rating Been riding this since 2021. Earnings are growing good every quarter. Revenue(8 to 16K Cr), Net profit(766 to 1622), EPS(50 to 100) All these roughly doubled in 3Y since 2020. Whereas Price grown 7 times. 740 to around 5K Further in terms of valuations PE (Price to Earnings ratio) Last 5Y avg is 31.426 Current 46.40 PB (Price to Book ratio) Last 5Y avg is 6.332 Current 11.45 PS (Price to Sales ratio) Last 5Y avg is 2.8. Current 4.7 I'll patiently wait for price near 50% Fib level which is 3350. 2600 is fair value. Pivot R2 is at 3533. Historical fall is 35% from ATH. So 35% from ATH is 3570. Previous resistance breakout is at 3618 which could act as support. So +/- 5 to 8% above 50% fib level. I'll start watching from 3620 and accumulate gradually over fall & reversal. Disclaimer: Entered and averaged up Since Mid 2021 till Mar 2023. Holding.
NSE:POLYCABShort
by naraykln
POLYCAB - Ichimoku Breakout Stock Name - Polycab India Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 5311 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:POLYCABLong
by nikunjbhadja
POLYCAB - Long Setup, Move is ON..NSE:POLYCAB ✅ #POLYCAB trading above Resistance of 4163 ✅ Next Resistance is at 6460 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:POLYCABLong
by Sandeep_Aggarwal
3
POLYCAB - Long Setup, Move is ON..NSE:POLYCAB ✅ #POLYCAB trading above Resistance of 3350 ✅ Next Resistance is at 4163 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:POLYCABLong
by Sandeep_Aggarwal
POLYCAB - Ichimoku Bullish Breakout Stock Name - Polycab India Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 3400 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:POLYCABLong
by nikunjbhadja
1