Polycab India Ltd., a leading wires and cables manufacturer, saw its shares jump 6% to ₹8,938.70 on the Bombay Stock Exchange (BSE) after reporting impressive quarterly results that exceeded market expectations. The company's consolidated revenue rose 27% year-on-year (YoY), while EBITDA grew 13% YoY, prompting several brokerages to upgrade their target prices. Citi raised its target from ₹9,500 to ₹10,500, emphasizing Polycab's execution quality and market share gains, which now stand at 30-31%, an increase of 300-400 basis points YoY. Jefferies also named Polycab its top pick, increasing its target price to ₹9,770 and projecting a 21% CAGR in earnings per share (EPS) from FY26 to FY29. Other brokerages like Motilal Oswal and Nuvama have similarly raised their targets, reflecting strong growth prospects. Despite some caution regarding margin pressures due to a shift in sales mix, the overall outlook remains positive, particularly with the FMEG segment turning profitable for the first time. With a significant capital expenditure plan and a growing market position, Polycab's recent share price increase may signal the start of a longer-term upward trend.