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Polycab India Stock Plummets ₹1700: ₹1 Lakh Crore Market Cap Firm Faces Investor Jitters Over Weak Q4 Outlook and Analyst Remarks
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Polycab India Shares Crash ₹1700 Amid Weak Q4 Outlook; Investors Spooked
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CNBC Awaaz
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16-03-2026, 11:17
Polycab India Shares Crash ₹1700 Amid Weak Q4 Outlook; Investors Spooked
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Polycab India shares plummeted by ₹1700, falling from ₹8700 to around ₹7000, spooking investors.
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Weak commentary at an analyst meeting and a softening Q4 outlook triggered the sharp decline.
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Company expects weaker Q4 performance and pressure on volume growth due to global conflicts.
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High-margin export business could be affected, potentially impacting EBITDA margins.
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Despite short-term pressure, Polycab shows strong long-term returns and increasing FII holdings.
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