JPMorgan flags buying opportunity if Polycab valuation corrects to 31x–32x
JPMorgan says a meaningful valuation correction for Polycab India Ltd., especially to its three-year trough one-year forward earnings multiple of 31x–32x, would create a buying opportunity in wires and cables.
Brokerage firm JPMorgan believes that in case Polycab India Ltd.'s valuations see a meaningful correction, particularly to its three-year trough multiple of 31x - 32x one-year forward earnings, it would present a buying opportunity in the wires and cables company.JPMorgan has maintained its "overwe…