Page 3 - Polycab India
Wire stocks rally: Polycab, Finolex gain up to 200% in 18 mths; key levels
Most of the stocks are now seen testing the 20-DMA; trade along this key moving average is likely to dictate the near-term trend for electric wire-related stocks; suggest charts.
 "Wire stocks rally: Polycab, Finolex gain up to 200% in 18 mths; key levels")
JK Cement, JSW Steel, Polycab among 10 stocks to go ex-dividend on Tuesday
These 10 companies had fixed July 09 as the record date for a dividend payout of up to Rs 30 per share.
 "JK Cement, JSW Steel, Polycab among 10 stocks to go ex-dividend on Tuesday")
Polycab slips 5% after promoters likely sell 2% stake via block deal
Shares of Polycab India dropped 5.3 per cent at Rs 6,616 on the NSE in Friday's intraday deals
Polycab India hits new high; stock zooms 90% from January low
Polycab share price: The management believes the FMEG industry is poised to accelerate its growth in the FY 2024- 25, driven by steady urban consumption and improved prospects for rural demand.
 "Polycab India hits new high; stock zooms 90% from January low")
This stock has zoomed 1172% against IPO price in 5 yrs; m-cap hits Rs 1 trn
At 12:02 PM; Polycab India was trading 4% higher at Rs 6,736.80 on the BSE
Polycab India Q4 result: Profit jumps 28.5% to Rs 546 cr on healthy demand
Cables and wires companies have benefited from a demand surge from the real estate and infrastructure sectors, further aided by the government as it tries to boost the economy
 "Polycab India Q4 result: Profit jumps 28.5% to Rs 546 cr on healthy demand")
Polycab India hits all-time high; stock soars 52% from January low
The stock of the cables and wires (C&W) and fast moving electrical goods (FMEG) company has recovered 52 per cent from its low of Rs 3,812.35 hit on January 11, 2024
Prediction of scorching heat creates winners in Indian stock market
Consumption of soda, ice creams and dairy products typically jumps sharply during the summer
 "Prediction of scorching heat creates winners in Indian stock market")
Polycab India Q3 profit rises 15.4% on healthy cables, wires demand
Consolidated net profit rose to 4.13 billion rupees ($49.7 million) in the three months ended Dec. 31 from 3.58 billion rupees a year earlier
Polycab India's stock sees 21% rout on allegations of tax evasion
Company refutes allegations; stock may underperform in near term
 "Polycab India's stock sees 21% rout on allegations of tax evasion")
US-based Capital Group sells Polycab India's shares worth Rs 337 crore
Financial Services company Capital Group on Thursday sold shares of electrical goods company Polycab India for Rs 337 crore through an open market transaction. US-based Capital Group through its affiliate SmallCap World Fund Inc offloaded shares of Polycab India on the National Stock Exchange (NSE). According to the bulk deal data with the NSE, SmallCap World Fund Inc disposed of 8,51,003 shares of Polycab India. The shares were offloaded at an average price of Rs 3,955.87 apiece, taking the deal value to Rs 336.64 crore. Details of the buyers could not be ascertained. On Thursday, the scrip of Polycab India nosedived 20.50 per cent to close at Rs 3,904.70 per piece on the NSE.
Polycab tanks 23% as I-T dept finds Rs 1,000-crore as unaccounted sales
Polycab India, on its part, denied any rumours of tax evasion by the company
I-T dept found unaccounted sales of Rs 1,000 cr during raid against Polycab
The Income Tax department has detected "unaccounted cash sales" of about Rs 1,000 crore after it recently raided the Polycab group, a prominent wires, cables and electrical items manufacturer, the CBDT and official sources said on Wednesday. Unaccounted cash of more than Rs 4 crore was seized and more than 25 bank lockers were put on restraint after the searches were launched against the group on December 22 last year, the Central Board of Direct Taxes (CBDT) said in a statement. It said a total of 50 premises in Mumbai, Pune, Aurangabad and Nashik in Maharashtra, Daman, Halol in Gujarat and Delhi were covered. Some of the authorised distributors of the group were also covered in the searches, the CBDT, which is the administrative body for the Income Tax department, said. The CBDT statement did not name the group but official sources confirmed it to be Polycab India Limited. Polycab India issued a clarification to stock exchanges earlier in the day terming reports of "tax evasion
LIVE news: Plane with over 300 Indians on board grounded in France
Catch all the latest updates from across the globe here
 "LIVE news: Plane with over 300 Indians on board grounded in France")
Polycab slips 5% amid reports of I-T raids at 50 office locations pan-India
The residences and offices of the top management linked to the firm were also being raided, the report added
I-T officials search 50 offices, facilities of Polycab India; shares fall
BSE said that it has sought clarification from Polycab India on the reports of tax raids
 "I-T officials search 50 offices, facilities of Polycab India; shares fall")
MSCI Index rejig likely to spur $1.5 billion inflows in domestic stocks
The global index provider announced the changes in the global standard index on Wednesday
 "MSCI Index rejig likely to spur $1.5 billion inflows in domestic stocks")
Small, mid or large, many 'caps' cos wear: Polycab, PFC take pole position
An equivalent number of stocks will experience downgrades, moving from large-cap to mid-cap and from mid-cap to small-cap
 "Small, mid or large, many 'caps' cos wear: Polycab, PFC take pole position")
Polycab India enters top-100 most-valued firms' club; rallies 11% in 2 days
With a market capitalisation of Rs 64,422 crore, Polycab India stood at 91st position in overall m-cap ranking on Wednesday morning.
Polycab India's Q1 profit soars 82% on higher demand of wires, cables
The company's shares rose as much as 3.6% to hit a record high of 4,055 rupees after the results