The company is yet to issue its clarification on the stock exchanges.
Shares of Polycab India have risen 1.52% in one month, 3.32% in three months and 102.11% in 1 year.
Polycab India is the largest manufacturer of Wires and Cables in India and fast growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of Engineering, Procurement and Construction (EPC) projects.
The company's consolidated net profit jumped 58.81% to Rs 425.56 crore on 26.57% increase in revenue from operations to Rs 4,217.69 crore in Q2 FY24 over Q2 FY23. Revenue grew on the back of strong volume growth in wires & cables business.
