A regional gauge of equities fell 0.7% with indexes in Japan, Australia and South Korea declining after both the S&P 500 and Nasdaq 100 slipped, with automakers getting hit. Equity-index futures for US also fell in early Asian trading. Gold edged higher after hitting a new record in the prior session. Yields on the 10-year Treasury were little changed.
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