Polycab India reported a bigger-than-expected second-quarter profit on Friday, benefiting from strong demand in its mainstay wires and cables segment amid robust infrastructure spending.

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Intellectual Property Rights Enforcement Cell, Chennai. Rs. 5,01,420 worth fake Polycab Electrical Wire were seized and one accused was arrested. Tamil Nadu Police : #PressNote#Arrested#IPREC#TamilNaduPolice#TNpolice -Tamil Nadu Police

Key ex dates this week include Tata Technologies, HDFC Bank, IndiaMART, Polycab India, Sanofi Consumer Healthcare India, Brigade Enterprises, Mini Diamonds India, etc.

The stock has fallen around 10% in five trading days following the Ultravolt launch and now trades at roughly 35x one-year forward PE, about 5% below its five-year historical average.

Shares of Polycab and KEI Industries crashed up to 9% on Friday after UltraTech Cement announced the launch of its wires and cables business, Ultravolt, backed by an investment of Rs 1,800 crore, with brokerages warning of a de-rating following the Aditya Birla Group’s aggressive foray into the market. After the launch, UltraTech Cement shares gained around 1%, but Polycab shares plunged around 6% to trade at Rs 8,300 apiece on NSE, while those of KEI Industries crashed 9% to Rs 4,848.50 apiece.

Shares of cables & wires (C&W) companies such as Polycab India, RR Kabel, KEI Industries, and Finolex Cables, among others, are expected to be in the spotlight on Friday, September 4. This is because Aditya Birla Group on Wednesday announced the launch of the wires and cables business, Ultravolt, marking the group’s fourth new business foray in three years. Open FREE Demat Account within minutes!

Stocks to buy for the short term: Nifty declined by nearly 0.30% during the morning session on Tuesday, 1 September, mirroring a weak global trend after an uptick in oil prices amid fresh escalations in the US-Iran tensions. However, stronger-than-expected GDP data capped the losses. Despite the West Asian conflict, weaker monsoon, and uncertain US tariff policies, India's GDP grew by 7.8% in Q1FY27.

Top picks include Cartrade Tech, Godrej Consumer Products, Data Patterns (India), JSW Dulux and Polycab India.

Polycab reported one of its strongest quarterly performances in terms of revenue, EBITDA, and profitability for the quarter ended June 30, 2026.

The cable and electrical equipment maker posted higher first-quarter revenue and profit, helped by growth in its Wires & Cables and FMEG businesses, though its shares traded lower after the results.

Domestic equity benchmarks fell about half a percentage point each amid selling pressure in financial, IT, and oil and gas shares though buying interest in metal scrips lent some support. The Sensex gave up 386.5 points to end at 81,715.6 while the Nifty50 lost 112.6 points to 25,056.9, continuing to fall for the fourth trading session in a row. As investors await the next session on Dalal Street, here are a few stocks that are set to be in focus in Thursday's trade: Polycab block deal buzz The company is set to undergo a block deal to the tune of Rs 880 crore where promoters are likely to offload 12 lakh shares at Rs 7,300 discount, marking a 3.1 per cent discount to the market price, according to Zee Business research.

Promoters of wires and cable company Polycab India will likely offload up to 0.81% stake in the company via block deals on Thursday. The floor price has likely been set at Rs 7,300 per share taking the deal size to Rs 887.6 crore. The floor price is likely set at a discount of 3.1%, a CNBC-TV18 report said. Meanwhile, NDTV Profit reported that Inder T. Jaisinghani, Ajay T. Jaisinghani, Ramesh T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Bharat Jaisinghani, Nikhil Ramesh Jaisinghani, and Anil Hariram Hariani will sell shares. Polycab shares today ended at Rs 7,529 on the NSE, falling by Rs 91 or 1.19% over the Tuesday closing price.

Jaro Institute of Technology Management and Research Ltd. (Jaro Education), one of India’s leading players in online higher education, has raised Rs 115 crore in its pre-IPO funding round from marquee investors. The round saw participation from Sunil Singhania’s Abakkus Diversified Alfa Fund, Madhu Kela’s Singularity Growth Opportunities Fund and Singularity Equity Fund, Subhkam Ventures, and the family office of Polycab.

UltraTech Cement shares dropped by 4.8% on the BSE in early trade following the company’s announcement of its entry into the wires and cables; Should you invest?

Polycab has launched its UT Series 350 kW three-phase string inverter for utility-scale solar projects in southern India. The series offers 15/12 maximum power point trackers (MPPTs) and supports bifacial 182 mm/210 mm modules with a maximum 15 A/20 A DC input current per string.