Cable Sector

HFCL share price dropped nearly 5% on May 18 despite winning a ₹106.19 crore export order. Profit booking, geopolitical tensions, and supply chain worries impacted investor sentiment.

Polycab India touched a new 52-week high of ₹9,239 after posting record Q4 FY26 results. Strong growth in the wires & cables segment, rising market share, robust FMEG performance, and positive long-term growth outlook boosted investor sentiment.

V-Marc India shares surged after the company approved a 5:1 bonus issue and reported stellar FY26 results. Revenue nearly doubled to ₹1,797 crore, while net profit jumped 177% YoY. The company also unveiled aggressive expansion plans with ₹500 crore capex through FY30.

Polycab India shares rallied after strong Q4 results that beat expectations, driven by 27% revenue growth, rising market share in cables & wires, and a FMEG turnaround. Backed by multiple brokerage upgrades and a strong capex pipeline, the company continues to strengthen its long-term growth outlook despite near-term margin mix concerns.

HFCL Limited has surged to a new 52-week high, backed by strong earnings growth, fresh order wins, and bullish market momentum. While fundamentals remain solid, elevated valuations and signs of profit booking suggest caution. Here’s a balanced view on what’s driving the rally and how investors should approach the stock.

HFCL aims to ramp up the share of exports in its OFC vertical revenue from the current 30% to 70% over the next 4-5 years.

50% of shares are reserved for qualified institutional buyers (QIBs), whereas 15% shares are reserved for non-institutional investors (NIIs) and remaining 35% for retail investors.

The company will finalise share allotment on December 27 and will list on stock market on December 30.

The company has a market share of 12% in fractional horsepower motors, 7.2% in LED lighting & flashlights and 10.7% in small appliances as of FY21

The company has reduced the offer to 1.42 crore shares from 1.92 crore shares after receiving Rs 142 crore from anchor investors.