These 5 wire and cable stocks have gained 30% in less than 3 months, what is your portfolio

FY 2022 has proved to be very good for the wire and cable company so far. The top 5 stocks of this sector have seen a jump of more than 30 percent in less than 3 months. Market experts say that the situation is expected to improve further from here. With the stabilization in the supply chain, business will see a boom going forward. The sector will get a strong boost with increased demand and increase in infrastructure investment.

Moneycontrol SWOT analysis shows that most of these companies have seen an increase in profits in the last 3 quarters. All these stocks are trading near their peak and they see strong prospects for the future as well. Let’s take a look at these stocks.

Polycab India Ltd. | This stock has seen an increase of 41 percent from its level of Rs 1380.15 on 31 March 2021 to the level of Rs 1948.85 as on 28 June 2021. The company had a market cap of Rs 29067 crore as on June 28 and was trading 3 per cent below its 52 week high on this day.

Sterlite Technologies Ltd. | This stock has seen a rise of 37 percent from its level of Rs 194.1 on 31 March 2021 to the level of Rs 264.95 as on 28 June 2021. The company had a market cap of Rs 10,511 crore as on June 28 and was trading 5 per cent below its 52 week high on the day.

Finolex Cables Ltd. | This stock has seen a rise of 38 percent from its level of Rs 380.85 on March 31, 2021 to Rs. 524.05 as on June 28, 2021. The company had a market cap of Rs 8,015 crore as on June 28 and was trading 3 per cent below its 52 week high on the day.

KEI Industries Ltd. | This stock has seen a rise of 33 percent from its level of Rs 522.7 on 31 March 2021 to the level of Rs 693.7 as on 28 June 2021. The company had a market cap of Rs 6,233 crore as on June 28 and was trading 5 per cent below its 52 week high on the day.

Universal Cables Ltd. | This stock has seen an increase of 46 percent from its level of Rs 136.15 on 31 March 2021 to the level of Rs 199.25 as on 28 June 2021. The company had a market cap of Rs 691 crore as on June 28 and was trading 8 per cent below its 52 week high on this day.

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