Let’s not say ‘if’ and ‘hope’ is our strategy

If Polycab produces quality products, has good supply chain (distribution) and good at marketing, company will grow and generate cash and in the end investors are here to make money so they will eventually come back.
Management holds 65% in the company and 30-35% of their wealth also got eroded, I hope this will teach them a lesson and we will see better governance in future.

As per the news in Money control, Government is looking to double the Coal production by 2030 and beyond.

Peak electricity demand is rising at about 10% to 15% in India and that puts Coal India in good position to increase its mining capacity and also its revenues by 2030. Coal will continue to contribute about 50% in electricity generation till about 2040.

Stock price which was undervalued 2 years back below 200, seems to be fairly valued as of now but there could be further growth going forward.

Disclosure: Invested mainly for Dividend Yield.

Vishal Khandelwal (Safal Niveshak) always keep saying that –

Best advice ever received – “Three qualities for success: integrity, intelligence, and energy. If you don’t have the first, the other two will kill you.”

Hope that, Polycab management will stay away from such unwanted things and focus on Integrity. They will grow their own wealth much faster since they may have remaining two i.e. Innovation and Energy.

Mr. Market always overreacts as that is the nature of market, which creates opportunities for long term investors. I believe things will settle soon.

No investment as of now.

I think consumers of their products (wiremen, contractors, interior designers etc.) may not even be aware of IT raid or slump in stock price. If Polycab produces quality products, has good supply chain (distribution) and good at marketing, company will grow and generate cash and in the end investors are here to make money so they will eventually come back.
Management holds 65% in the company and 30-35% of their wealth also got eroded, I hope this will teach them a lesson and we will see better governance in future.

Also people have a very short memory span, no one will even remember this raid once stock goes back to all time high