On June 28, Polycab India’s 2.74% equity stake was sold in block deals amounting to ₹2,716.5 Crore. The block deal involved 40.5 lakh shares of Polycab India.
Polycab India’s stock dropped 2.5% on June 27 to close at ₹6,998.6. Over the past year, the stock has nearly doubled and has risen by over 28% year-to-date, significantly outperforming the NSE Nifty 50 during both periods.
According to the latest quarterly update filed with stock exchanges, the promoter group holds 65.24% of Polycab India. In the fiscal quarter January-March, Polycab India recorded a 29% year-on-year increase in consolidated net profit to ₹553 Crore, up from ₹428 Crore a year earlier. Revenue from operations also surged 29% year-on-year to ₹5,592 Crore in Q4 FY24, compared to ₹4,324 Crore in the corresponding period the previous year.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
