Stock market today, May 13 -- Despite a general sell-off in early morning deals on Dalal Street, Polycab's share price managed to hold its ground, drawing significant attention from bullish investors. This is particularly noteworthy when considering the broader market trend. Opening at Rs.6,269 per share on NSE and reaching an intraday high of Rs.6,468.90, Polycab's share price not only climbed to a new intraday high but also a new lifetime high. Axis Securities, in light of this performance, projects a further increase to a target of 6,588 per share for the scrip.

Polycab India Limited's Q4 results, announced last week, delivered a strong performance. The company surpassed market estimates on both revenue and PAT fronts, demonstrating i...