Polycab India hits fresh record high; stock zooms 100% from August low

In the past two months, the stock has rallied 57 per cent after its net profit more-than-doubled to Rs 194 crore in the September quarter (Q2FY20) on the back of strong revenue growth.

Shares of Polycab India continued their upward journey, and hit a new high of Rs 1,090.8, up 9.8 per cent on the BSE on Thursday, on expectation of strong earnings going forward. The company was included in the MSCI Global Small Cap Index with effect from November 26, 2019.

The stock of the fast moving electric goods (FMEG) company zoomed 100 per cent from its recent low of Rs 525, touched on August 22, 2019. It was trading at its highest level since its listing on April 16, 2019. The company issued shares at Rs 538 per share in the