Stock Report

SEML adds prestigious Polycab Cables and Wires to its portfolio in South Gujarat



Posted On : 2024-01-29 10:12:53( TIMEZONE : IST )

SEML adds prestigious Polycab Cables and Wires to its portfolio in South Gujarat

Sunrise Efficient Marketing Ltd has secured the authorized dealership of Polycab Cable, a prestigious name in the cable and wire industry, for the burgeoning market of South Gujarat, with a specific focus on Surat and its neighboring areas. This strategic collaboration designates us as the exclusive distributor for Polycab products, empowering us to meet the growing demand for high-quality cables and wires in the region.

Polycab Cable, with a market capitalization of 4000 Millions, is widely recognized for its commitment to delivering reliable and innovative solutions across various applications. Renowned for manufacturing products that adhere to stringent quality standards and industry norms, Polycab Cable is a trusted name in the electrical sector.

Our dealership encompasses South Gujarat, a region that includes the vibrant city of Surat and its surroundings. This market is poised for significant growth, driven by diverse industries, ongoing infrastructure projects, and an increasing demand for top-notch electrical products. As the authorized dealer, we are wellequipped to provide customers in this region with access to Polycab's extensive portfolio of cables and wires, offering solutions for residential, commercial, and industrial applications.

In anticipation of this partnership, we project that we will successfully capture a substantial portion of the market, aiming to cater to a market worth 500 Millions. This reflects our confidence in the demand for Polycab products and our commitment to establishing ourselves as a reliable and preferred supplier in South Gujarat. We are enthusiastic about the opportunities this collaboration presents and are dedicated to contributing to the region's growth by fulfilling the diverse needs of our customers with Polycab's dependable and highperformance products.

Shares of Sunrise Efficient Marketing Limited was last trading in BSE at Rs. 112.15 as compared to the previous close of Rs. 110.40. The total number of shares traded during the day was 40000 in over 40 trades.

The stock hit an intraday high of Rs. 113.40 and intraday low of 110.75. The net turnover during the day was Rs. 4488150.00.

Source : Equity Bulls

Keywords

SunriseEfficientMarketing INE0KPY01017 Trading Distributors AuthorizedDealership PolycabCable