[ad_1] Competition in India’s cables and wires industry is set to intensify further. Shares of Polycab India Ltd., Havells India Ltd., and peers like RR Kabel, Finolex Cables will be in focus yet again on Thursday, March 20, after another conglomerate has announced a foray into this space. In an exchange filing on Wednesday, Adani […]
Goldman Sachs downgrades Polycab, cuts target for peers awaiting better entry point – CNBC TV18
[ad_1] Brokerage firm Goldman Sachs on Monday, March 17, downgraded shares of Polycab India Ltd and cut its price target on both Polycab and its peer KEI Industries by 23% and 17% respectively. Goldman Sachs downgraded Polycab to “neutral” from its earlier rating of “buy” and cut its price target to ₹5,005 from ₹6,510 earlier, […]
Polycab India shares gain after signing BSNL deal for BharatNet project worth ₹3,000 crore – CNBC TV18
[ad_1] Polycab India shares gained on Thursday, March 13, after the company said it has executed an agreement with BSNL for Bharat Net in the Bihar Telecom Circle for ₹3,002.99 crore. The company will be the project implementation agency for design, supply, construction, installation, upgradation, operation and maintenance of middle mile network of Bharat Net. […]
Will UltraTech’s commentary be enough to arrest the slide in the stock? – CNBC TV18
[ad_1] India’s largest cement manufacturer UltraTech Cement Ltd. shared more details about its cables and wires foray on Friday, putting the spotlight on the stock yet again after a sharp sell-off on Thursday and Friday. UltraTech’s ₹1,800 crore planned foray into the cables and wires space led to a loss of nearly $4 billion in […]
Trade Setup for February 28: Will the March series bring some respite for the Nifty bulls? – CNBC TV18
[ad_1] The Nifty has lost more than 3,000 points over the last five F&O series, during which it has delivered negative returns. It is the first time since 1996 that the Nifty has declined for five months in a row. The index has managed to hold on to 22,500 on the downside after two quiet, […]
Wires and Cables stocks lose $3.6 billion on UltraTech’s $200 million foray – CNBC TV18
[ad_1] Shares of India’s five wires and cables companies – Polycab India Ltd., Havells India Ltd., KEI Industries Ltd., Finolex Cables Ltd. and RR Kabel Ltd. have lost over ₹33,000 crore ($3.8 billion) in market capitalisation on Thursday, February 27, after India’s largest cement company, UltraTech Cement, announced a foray into the segment. Shares of […]
Polycab, Havells, KEI and other wires and cable stocks should be on your radar today; Here’s why – CNBC TV18
[ad_1] Wires and Cable stocks like Polycab Ltd., Havells India Ltd., KEI Industries Ltd., RR Kabel Ltd. and Finolex Cables Ltd. should be in focus on Thursday, February 27, after India’s largest cement company, UltraTech Cement Ltd., announced a foray into this space on Tuesday. UltraTech Cement on Tuesday announced that it proposes to extend […]
Trade Setup for February 27: Will the Nifty give up everything it had gained since June 2024? – CNBC TV18
[ad_1] You know you are in an uncertain, dodgy market when nobody is willing to go in with positions, either long or short, before a mid-week holiday, ahead of a monthly expiry. That is exactly what transpired on Tuesday for the Nifty, which had an extremely lacklustre trading session, but stuck to the template, defending […]
Polycab Q3 Results: Stock falls 7% after revenue miss but margins better than estimates – CNBC TV18
[ad_1] Cables and Wires manufacturer Polycab Ltd. reported December quarter results that were better than expectations on the operating front. Company Value Change %Change Net profit for the quarter stood at ₹464.3 crore, which was in-line with the CNBC-TV18 expectation of ₹450 crore. On a year-on-year basis, the company’s net profit was flat. Revenue for […]
Sensex Today | Stock Market LIVE Updates: Nifty looks to defend 23,000 ahead of nine major earnings
[ad_1] By CNBCTV18.COM | Jan 22, 2025 7:21 AM IST (Updated) Stock Market LIVE Updates: Global cues are positive overnight but with Trump announcing that he’s considering a 10% tariff on China starting February 1, it promises to be another volatile day. Back home, three major Nifty companies, including HDFC Bank and HUL report results today, […]