Polycab India Limited has received positive analyst coverage from JPMorgan, with the global investment bank initiating an overweight rating on the electrical equipment manufacturer.

Analyst Rating and Target Price

JPMorgan has set a target price of ₹8,900.00 per share for Polycab India, accompanied by an overweight rating. This rating indicates the investment bank's positive outlook on the company's performance potential relative to its sector peers.

Investment Implications

The overweight rating from JPMorgan suggests that the investment bank expects Polycab India to deliver superior returns compared to other stocks in its coverage universe. This positive assessment by a major global financial institution may influence investor sentiment and trading activity in the stock.

The initiation of coverage by JPMorgan also indicates growing institutional interest in Polycab India, potentially expanding the company's visibility among global investors and fund managers.

Polycab India Limited has announced a key leadership appointment to strengthen its B2B operations, naming Mr. Shashi Amin as Director (Non-Board Member) and CEO-B2B Channel & Corporate Communication effective January 05, 2026. The appointment was made following the Board's recommendation by the Nomination and Remuneration Committee.

Strategic Leadership Transition

The appointment comes as part of a strategic leadership restructuring following the departure of Mr. Bhushan Sawhney, who resigned from his position as Executive President and Chief Business Officer - B2B on February 03, 2025, due to personal reasons. His cessation from the company became effective on May 02, 2025.

Professional Background and Qualifications

Mr. Shashi Amin, aged 58 years, brings extensive educational credentials and industry experience to his new role. He holds a Bachelor of Technology in Electrical Power System from Amravati University and a Master's in Marketing Management from Welingkar Institute of Management, Mumbai.

Industry Experience and Leadership Roles

Mr. Amin's professional journey spans over 37 years in sales, marketing, business development, and P&L management within the cable industry. His career includes leadership positions across several prominent organizations including Apar Industries Limited, BICC Bahrain, and Nicco Corporation Limited.

Notably, Mr. Amin has previous experience with Polycab India Limited, having served as President and SBU Head Cables from July 2011 to March 2022. This prior association with the company provides him with valuable institutional knowledge and understanding of Polycab's operations and culture.

Strategic Focus Areas

The appointment aligns with Polycab's strategic priorities to ensure strong leadership for its B2B vertical. Mr. Amin's extensive experience in the cable industry, combined with his proven track record in sales, marketing, and business development, positions him to drive growth and operational excellence in the B2B segment.

The company has disclosed this appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.