Global markets remained cautious on Wednesday as geopolitical tensions simmered, with investors keenly awaiting U.S. Federal Reserve minutes for clues on interest rates. The yen saw stability following positive manufacturing data and news of significant Japanese investments in the U.S. Meanwhile, progress was reported in nuclear talks between Iran and the U.S., and peace negotiations between Ukraine and Russia continued.
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