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Polycab India hits new high ahead of Q3 results, rallies 58% in 3 months

In the last three months, the stock of the fast-moving electric goods (FMEG) company has rallied 58 per cent after its net profit more-than-doubled to Rs 194 crore in the September quarter (Q2FY20)

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SI Reporter Mumbai
Polycab India hit a new high of Rs 1,140, up 3 per cent on the BSE on Monday, ahead of its quarterly results for the October-December period (Q3FY20). The company is slated to report its numbers on Tuesday, January 21, 2020.

In the last three months, the stock of the fast-moving electric goods (FMEG) company has rallied 58 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. It had logged a profit of Rs 90 crore in the year-ago quarter. In comparison, the S&P BSE Sensex was

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