India's V Guard rises on quarterly profit surge

V Guard Industries

29/01/2026 04:27

** Shares India's V Guard VGUA.NS jump nearly 3% to 326.35 rupees after Q3 profit surged 26% YoY

** Electrical appliances maker's cables & wires business drove growth

** Jefferies ("buy", PT 430 rupees) says cables & wires business benefited from volume growth and commodity price inflation

** Investec ("buy", PT 465 rupees) says likely benefit from higher realisation and stocking by dealers, consistent with trends seen by peers

** Stock rated "buy" on avg by 18 analysts, similar to peers Havells India HVEL.NS and Polycab India POLC.NS -- data compiled by LSEG

** Stock down 3.2% so far in Jan; dropped about 22% in 2025

($1 = 91.9525 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))