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Polycab Q3 result: Net profit rises 15 3% YoY to ₹416 crore, revenue jumps by 17% YoY

Polycab India reported a 15.3% YoY increase in its consolidated net profit to ₹416 crore in Q3FY24, with revenue from operations improving by 17% YoY to ₹4340.4 crore.

Polycab shares gain for third straight day, up nearly 4%; is this a good time to buy the stock?

Jefferies maintains a positive outlook on Polycab India, retaining the buy rating on the stock with a target price of ₹8,000 apiece. The brokerage awaits further clarity on the tax evasion allegations.

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