External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>We have increased FY22E/FY23E revenue estimates by 3.4%/4%, respectively. We value Polycab at 25x FY23E EPS of Rs 80 to arrive at a target price of Rs 2000/share, which gives an upside of 5% from the CMP.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We have increased FY22E/FY23E revenue estimates by 3.4%/4%, respectively. We value Polycab at 25x FY23E EPS of Rs 80 to arrive at a target price of Rs 2000/share, which gives an upside of 5% from the CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Polycab India: RM Costs Impact Margins; Demand Recovery Expected in H2FY22