VERIFIEDET Markets·22 Sept 2026neutral

Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?

AI Summary

·Polycab shares have declined 17% from their June peak.
·UltraTech has entered the wires and cables segment, impacting Polycab's stock.
·Jefferies maintains a Buy rating with a target of Rs 11,100, citing strong demand and distribution.