Polycab India Limited is witnessing strong bullish momentum, supported by robust fundamentals and positive industry outlook. The company recently secured a ₹6,448 crore BharatNet contract, significantly boosting its order book and future revenue visibility. Technically, the stock has shown a strong breakout above resistance levels, indicating renewed investor interest and upward momentum. Rising demand in power and infrastructure sectors further supports long-term growth. With healthy financials, consistent earnings, and expanding market presence, Polycab is well-positioned for upside. The current price level offers a favorable risk-reward ratio, making it an attractive buy opportunity. Traders may consider buying with a defined stop loss.
BUY : POLYCAB-EQ( POLYCAB ) [9590]
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