Polycab India hits new lifetime high of Rs 950, surges 71% in three months

In Q2FY20, Polycab's net profit more-than-doubled to Rs 194 crore, on the back of strong revenue growth

Polycab India (PIL) shares continued its northward journey, climbing 1 per cent on the BSE on Thursday in an otherwise range-bound market to clock a new lifetime high of Rs 950. The stock was trading at the highest level since its listing on April 16, 2019.

In the past three months, the stock has outpaced the market by surging 71 per cent on strong September quarter results (Q2FY20) and inclusion in MSCI Global Small Cap Index with effect from November 26, 2019. In comparison, the S&P BSE Sensex was up 9 per cent during the same period.

In Q2FY20,