The smallcap rally cooled sharply last week, with only 38 stocks delivering double-digit gains, down from over 100 earlier. Profit booking and cautious sentiment dominated. Analysts expect stock-specific action ahead amid earnings season. Technical indicators suggest caution, while long-term investors are advised to accumulate on dips.
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
September 22, 2026