{
}
Goldman Sachs has noted increased competition in the cables and wires sector, particularly following Ultratech Cement's entry. The firm downgraded Polycab to 'Neutral' with a target price of Rs 5,005 and KEI Industries to a target of Rs 3,130, while remaining optimistic about near-term demand and export potential. Analysts suggest Ultratech's aggressive pricing strategy could disrupt the market and negatively impact existing players' margins.
Indian equity markets closed lower on January 3, with the Sensex dropping 720.60 points to 79,223.11 and the Nifty falling 184 points to 24,004.75. Tata Motors and Nestle India were the top gainers, while Zomato and HDFC Bank led the losses. Market sentiment remains cautious amid concerns over slowing growth and foreign fund outflows.
Polycab India Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
goldman sachs notes rising competition in cables and wires sector
04:38 17.03.2025
Indian markets decline as Tata Motors and Nestle India shine among gainers
Apollo Hospitals Enterprise Limited
Godrej Properties Limited
HDFC Bank Ltd
Zomato Limited
Nestlé India Limited
Tata Motors FUT, January 2025,
Yes Bank Limited
SBI Life Insurance Company Limited
Wipro Ltd
CIPLA LTD
CGN POWER
Tech Mahindra Limited
Aurobindo Pharma Limited
Polycab India Limited
KPIT Technologies Limited
IND
Prashanth Tapse
Donald Trump
Show more
11:40 03.01.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: