Polycab India Shares Rebound 4% After Strong Q3 Results, Brokerages Bullish

• Polycab India's shares surged 4% after its Q3 results, ending a six-session decline.
• The company reported a 36% year-on-year increase in net consolidated profit and a 46% rise in consolidated revenue.
• Despite a 110 basis point drop in operating margin, profit met expectations, and management noted strong growth momentum.
• Brokerages Citi, Jefferies, and Morgan Stanley reiterated 'Buy' or 'Overweight' ratings, raising target prices up to Rs 9500.
• Polycab India, listed in April 2019, has a market capitalization exceeding Rs 1.11 lakh crore, with promoters holding 61.52%.

Why It Matters: Polycab India's strong Q3 performance and positive brokerage outlook led to a significant stock rebound.