Polycab India Limited – Market and Performance Update
Trading Status Polycab India Limited (ticker: POLYCAB.NS) closed the day at INR 7,671, down 3.17 % from the previous close. The share price has declined 6.94 % since the end of the previous month.
Market Capitalisation and Liquidity
- Market capitalisation: INR 1.20 trillion.
- Shares outstanding: 150.6 million.
- Volume traded in the last 24 hours: INR 2.40 billion.
Technical Indicators
- 200‑day simple moving average: INR 8,451.52.
- 52‑week high: INR 10,126 (recorded 22 June 2026).
- 52‑week low: INR 6,663 (recorded 27 January 2026).
Financial Highlights Polycab India reported robust operating growth in its most recent earnings. Revenue increased markedly and profitability improved.
- EBITDA rose substantially, reflecting higher operating efficiency.
- Net profit grew faster than sales, driven primarily by the domestic cable and wire segment.
- The export pipeline remains healthy, supporting further revenue expansion.
Analyst Consensus Analysts have issued mixed responses:
- Some have raised price targets in light of the stronger earnings outlook.
- Others, after revising earnings estimates upward, have applied a more conservative valuation, resulting in modest target price cuts.
Management Outlook Polycab’s leadership highlighted growth in data‑centre and high‑voltage projects as key future drivers. The company is positioned to benefit from ongoing infrastructure and real‑estate demand in India.
Related Stock Performance (Last 24 Hours)
| Stock | Ticker | Current Price (INR) | Market Cap (INR) | P/E Ratio | 24‑Hour Change |
|---|---|---|---|---|---|
| Abb India | ABB.NS | 6,464.5 | 1.40 trillion | 91.99 | -5.94 % |
| Vodafone Idea | IDEA.NS | 11.53 | 1.30 trillion | 3.38 | -5.21 % |
| Bosch | BOSCHLTD.NS | 44,070 | 1.30 trillion | 56.26 | -0.8 % |
| Punjab National Bank | PNB.NS | 122.5 | 1.30 trillion | 6.5 | +0.49 % |
| Bharat Heavy Electricals | BHEL.NS | 398.9 | 1.40 trillion | 53.01 | -4.01 % |
Key Notes on Select Companies
Vodafone Idea reported stable revenue but a decline in average earnings per user. Management is focusing on cost optimisation and higher‑margin services to counter competitive price wars.
Punjab National Bank recorded a modest rise in net interest margin for the second quarter of FY 26/27. Management expects continued improvement in the third quarter, citing RBI rate hikes and favourable repricing of MCLR‑linked advances.
Bharat Heavy Electricals is involved in the Bharat Coal Gasification and Chemicals Ltd joint venture in Odisha. The project is progressing under separate packages with L&T. Shares are consolidating after a brief breakout, with analysts noting a supportive range for potential entry.
All figures are sourced from official exchange data and the most recent company filings.
