Polycab India hits new high; stock zooms 90% from January low

Polycab share price: The management believes the FMEG industry is poised to accelerate its growth in the FY 2024- 25, driven by steady urban consumption and improved prospects for rural demand.

Polycab share price news: Shares of Polycab India hit a new high of Rs 7,260, up  2 per cent on the BSE in Monday's intraday trade, on healthy demand outlook. With this, the stock of the fast moving electronic goods (FMEG) company has also recovered 90 per cent from its low of Rs 3,812.35, hit on January 11, 2024.

The company is India's largest manufacturer of wires & cables (W&C) and one of the fastest growing FMEG companies with a consolidated turnover of Rs 18,039 crore in FY24.

In the past two months, the stock has outperformed the market