 "money, revenue, comparison")
The stock of Polycab India, maker of power and telecom wires and cables, cracked over 8 per cent even after the firm reported 24 per cent YoY growth in revenues to Rs 2,507.3 crore and net profit of Rs 221.4 crore for Q3, visibly ahead of the consensus estimates of Rs 2,349 crore and Rs 176 crore.
One reason could be that the stock has seen a sharp rally since August, having almost doubled to the Rs 1,082-level as per Tuesday’s closing; this includes the near-12 per cent gains in the past fortnight. The bigger reason stems from growth concerns amid
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