Buzzing Stocks: Polycab falls 5% despite JPMorgan's 'overweight' rating; Angel One rises 5%
Polycab India shares shed 5% after research house JPMorgan kept an 'overweight' rating on the stock with a target price of ₹10,000, saying UltraTech’s wires and cables launch is sentiment-negative but unlikely to have a meaningful business impact, given only ₹888 crore of capex spent so far versus ₹1,800 crore approved.
Polycab India shares shed 5% after research house JPMorgan kept an 'overweight' rating on the stock with a target price of ₹10,000, saying UltraTech’s wires and cables launch is sentiment-negative but unlikely to have a meaningful business impact, given only ₹888 crore of capex spent so far versus ₹1,800 crore approved.
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