Can I invest in Polycab India Limited stock now?

**The decision to invest in Polycab India Limited stock should be based on a comprehensive analysis of various factors**: 1. **Recent Performance and Market Sentiment**: - Polycab India's shares have reached a six-month high, indicating a recent surge in market sentiment. - Jefferies, a brokerage firm, has reiterated a "buy" rating with a target price of 7,150 rupees, suggesting a positive outlook. 2. **Financial Health and Fundamentals**: - The company's financials show a Debt-to-Equity Ratio of 0.72% as of Q1 2025, which is relatively low and indicates a manageable debt level. - Polycab India has secured a contract worth Rs 6,447.54 crore with Bharat Sanchar Nigam Limited for the BharatNet project, which could significantly boost its revenue. 3. **Market Position and Growth Prospects**: - Polycab India is the largest manufacturer of wires and cables in India and is growing in the Fast Moving Electrical Goods (FMEG) segment. - The company is expected to see an increase in export revenue, from 6% in FY25 to 10% by FY30. 4. **Valuation Metrics**: - The P/E ratio is not available, but the P/S ratio is 0.55, which suggests that the stock may be undervalued based on its sales. - The ROE is negative at -16.05%, and the ROA is negative at -6.45%, indicating that the company is not profitable as of the latest report period