This meant that while Nifty showed no vigor to push beyond 18660, thus leading to a turn lower, but bargain buying emerged as soon as dips turned substantial enough, thus avoiding major falls as well.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable