Indian markets saw a modest uptick as technology stocks recovered from earlier dips, with financial shares also providing a boost. Norwegian Cruise Line surged on news of an activist investor’s stake, while Masimo soared following a major acquisition. General Mills faced a downturn after revising its financial outlook downwards.
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