POLYCAB

📌 1. Shares Surge on Jefferies Upgrade Polycab shares jumped ~5% on June 23, reaching a five‑month high, as Jefferies reaffirmed its Buy rating with a ₹7,150 target, implying ~19% upside. The firm noted Polycab gained market share in FY25, supported by its ₹2,800 cr capex over four years 🗂️ 2. Ex‑Dividend Date Set (Final Dividend ₹35/share) Polycab declared a ₹35 per share dividend (~350% of face value) for FY24‑25, with record date June 24 and payment by July 30 . Shares will trade ex‑dividend from June 24—buy by end of June 23 if aiming to receive this payout . 🌐 3. ₹6,448 Cr BharatNet Contract Wins Shares’ Spotlight On June 18, Polycab was awarded a massive ₹6,447.5 cr BharatNet contract by BSNL to implement the telecom network across Karnataka, Goa, and Puducherry ***** . This milestone strengthens Polycab’s position in the telecom infrastructure space and is drawing considerable investor attention ***** . 📈 4. Technical & Fundamental Market Sentiment Q4 FY25 shows strong performance: ~34% QoQ revenue growth and healthy profit margins . Technical indicators triggered a bullish signal (200‑day moving average crossover) on June 20, historically leading to ~4.8% gains over the next 30 days . 💼 5. Current Share Price & Valuation – As of Last Close Polycab closed around ₹6,000 – ₹6,250 on June 23, giving it a market cap near ₹90 k crore ***** . It trades at approximately P/E 44–47, P/B ~9, with dividend yield around 0.6% .