As FII relentlessly sell Indian equities, the markets must spend increasing efforts on what are the tailwinds available now. For one, the recent budget announcements on tax cuts and increase in KCC limits can give solid consumption boost.
Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?
Polycab shares have fallen 17% from their June peak after UltraTech entered the wires and cables segment. Jefferies retained its Buy rating and Rs 11,100