Polycab: Three reasons powering Nuvama’s bullish call predicting 15% upside potential

Polycab India’s Q1FY26 results have impressed the market, with its highest-ever first-quarter revenue and strong growth in both domestic and international businesses. Nuvama has recommended a ‘Buy’ on the stock, citing the company’s strong performance in the cable & wire segment, steady demand in core sectors, and growth in fast-moving electrical goods.