Morgan Stanley has reaffirmed its positive outlook on Polycab India Limited by maintaining its Overweight rating on the stock. The global investment bank has set a target price of ₹8,672.00 per share for the cables sector company.

Analyst Rating Details

The Overweight rating from Morgan Stanley indicates that the investment bank expects Polycab to outperform the broader market or sector average. This rating typically suggests that analysts view the stock as an attractive investment opportunity with favorable risk-return characteristics.

Market Implications

Morgan Stanley's maintained Overweight rating reflects continued confidence in Polycab's business fundamentals and growth prospects. The target price of ₹8,672.00 provides investors with a benchmark for the stock's potential upside based on the analyst's valuation methodology.

The positive rating from a prominent global investment bank like Morgan Stanley could influence investor sentiment and trading activity in Polycab shares. Such ratings are closely watched by institutional and retail investors as they make investment decisions in the cables sector.

Polycab India Limited , a leading manufacturer of wires and cables, has announced a significant change in its key managerial personnel. The company has appointed Niyant Maru as its new Chief Financial Officer (CFO), effective October 28, 2025. This appointment marks an important development in the company's leadership structure.

Key Details of the Appointment

Responsibilities and Authority

Mr. Maru's appointment comes with significant responsibilities. As the CFO, he is now authorized to make material disclosures to stock exchanges, a crucial role in maintaining transparency and compliance with regulatory requirements. This authority is in line with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Communication

Polycab India Limited has officially notified both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) about this leadership change. The company's disclosure, signed by Manita Carmen A. Gonsalves, Vice President - Legal & Company Secretary, provides the following contact details for Mr. Maru:

This appointment reflects Polycab India's commitment to strengthening its financial leadership. As the company continues to navigate the wire and cable manufacturing industry, Mr. Maru's role will be crucial in steering the financial strategies and ensuring robust financial management.

Investors and stakeholders will likely be keen to observe how this change in financial leadership might influence Polycab India's financial strategies and performance in the future.