Consumer durables demand mixed; prefer LG, Polycab India: Motilal Oswal
Polycab India is in focus.
· Business Standard Mkts
After a slow start during Ganesh Chaturthi, demand picked up in Navratri, with consumer durables sales growing 25-30% YoY, notes Motilal Oswal Wealth Management Research Desk.
The analysis
Polycab India reported movement of -30%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.4% on the day at ₹7,992.00, and has returned -9.4% over three months. It sits 21% below its 52-week high. The capital goods & engineering sector has moved -2.9% over the same period, so Polycab India is running 6.5 points behind its peers.
For Polycab India, the question is how much of this is already reflected in the price and how much re-rates the capital goods & engineering peer set alongside it.
Market context
- The company directly in focus is POLYCAB.
- Sector exposure: Capital Goods & Engineering, Capital Markets, Consumer & Retail.
In this story
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