Polycab India is currently trading at Rs. 825.00, up by 5.30 points or 0.65% from its previous closing of Rs. 819.70 on the BSE.
The scrip opened at Rs. 823.85 and has touched a high and low of Rs. 832.80 and Rs. 817.20 respectively. So far 736 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1180.00 on 24-Feb-2020 and a 52 week low of Rs. 525.05 on 22-Aug-2019.
Last one week high and low of the scrip stood at Rs. 835.00 and Rs. 800.00 respectively. The current market cap of the company is Rs. 12378.21 crore.
The promoters holding in the company stood at 68.55%, while Institutions and Non-Institutions held 17.43% and 14.02% respectively.
Polycab India is planning to expand its presence in international markets where dependence on Chinese imports is higher. The company is targeting markets like the US, Australia, Europe and Africa, among others.
As a strategy, the company is specifically targeting the markets where local manufacturing is not so strong or the dependence on Chinese imports is large. These markets are now looking at India and it wants to take advantage of this opportunity. The company has already identified some 10 markets or customer sectors where imports from China have been traditionally higher.
Polycab India is the largest cables & wires manufacturer. It is also the fastest growing company in the Indian cable industry with consistent growth. The company also in the business segment of EPC, Cables.
Company Name | CMP |
---|---|
Polycab India | 7090.20 |
KEI Industries | 4179.35 |
RR Kabel Ltd. | 1374.15 |
Sterlite Technologie | 118.55 |
Finolex Cables | 1265.90 |
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