India, India's wires and cables powerhouse, ignited a market frenzy on Monday, October 20, as shares blasted 3.15% to a fresh intraday peak of ₹7,697.50 before settling at ₹7,673.50 on the NSE—snapping a two-session skid and vaulting the stock's market cap beyond ₹1.15 lakh crore. The rally, on blistering volumes exceeding 5 lakh shares, came as investors digested the company's jaw-dropping Q2 FY26 results unveiled on October 17, which crushed estimates with a 55.65% YoY net profit explosion to ₹692.96 crore, outpacing consensus forecasts of ₹600-650 crore and marking the highest-ever Q2 profitability in its history. Revenue from operations roared 17.8% higher to ₹6,477.21 crore, propelled by high-teens volume surges in the core wires and cables (W&C) segment, while EBITDA rocketed 61.65% to ₹1,020.75 crore with margins ballooning 427 basis points to 15.76%—a testament to pricing power, favorable copper dynamics, and operational wizardry.

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