Intraday Trading Highlights
Polycab India Ltd opened the day with a notable gap-up of 3.33%, setting a positive tone for the session. The stock maintained its upward trajectory throughout the day, eventually touching a peak price of ₹7,697.70, which represents a 9.44% increase intraday. By market close, the stock settled with a gain of 7.19%, significantly outperforming the Sensex, which rose by 2.62% on the same day.
This strong intraday performance was accompanied by the stock trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such positioning indicates sustained buying interest and technical strength across multiple timeframes.
Sector and Market Context
The cables and electricals sector, to which Polycab India belongs, gained 5.4% during the day, underscoring a favourable environment for stocks in this space. Polycab India outperformed the sector by 2.93%, highlighting its relative strength within the industry.
Meanwhile, the broader market showed mixed signals. The Sensex opened sharply higher by 3,656.74 points but lost momentum to close 1,466.20 points lower, ending the day at 83,857.00, down 2.68%. Despite this, the Sensex remains close to its 52-week high, just 2.75% shy of the 86,159.02 mark. Notably, mega-cap stocks led the market gains, providing some support amid the volatility.
Our latest monthly pick, this Small Cap from Oil Exploration/Refineries, is showing strong performance since announcement! See why our Investment Committee chose it after screening 50+ candidates.
- - Investment Committee approved
- - 50+ candidates screened
- - Strong post-announcement performance
Recent Performance Trends
Polycab India Ltd has been on a positive run, registering gains for two consecutive days with a cumulative return of 10.8% over this period. This recent momentum contrasts with its one-month performance, which shows a slight decline of 2.88%, though still outperforming the Sensex’s 2.28% drop over the same timeframe.
Over longer horizons, the stock has delivered substantial returns. Its one-year performance stands at 29.82%, significantly ahead of the Sensex’s 8.57%. Over three and five years, Polycab India has outpaced the benchmark with returns of 156.77% and 484.53% respectively, underscoring its strong growth trajectory within the cables and electricals sector.
Valuation and Quality Metrics
Polycab India currently trades just 4.85% below its 52-week high of ₹7,947.35, indicating proximity to its recent peak valuations. The company holds a Mojo Score of 72.0, reflecting a favourable assessment of its fundamentals and technicals. Its Mojo Grade was upgraded from Hold to Buy on 21 Jul 2025, signalling improved confidence in the stock’s prospects.
Despite a Market Cap Grade of 2, which suggests a mid-tier market capitalisation relative to peers, the stock’s consistent outperformance and technical strength have attracted attention. The upgrade in Mojo Grade aligns with the recent positive price action and sustained gains.
Curious about Polycab India Ltd from Cables - Electricals? Get the complete picture with our detailed research report covering fundamentals, technicals, peer analysis, and everything you need to decide!
- - Detailed research coverage
- - Technical + fundamental view
- - Decision-ready insights
Technical Positioning and Market Sentiment
The stock’s position above all major moving averages indicates a strong technical setup. This is often interpreted as a bullish signal by market participants, reflecting sustained demand and positive momentum. The intraday high of ₹7,697.70 represents a significant milestone, nearing the 52-week high and suggesting that the stock is testing key resistance levels.
In contrast, the broader market’s volatility and the Sensex’s inability to sustain its initial gains highlight Polycab India’s relative resilience. The cables sector’s 5.4% gain further supports the stock’s outperformance, suggesting sector-specific factors may be contributing to the positive trading action.
Summary of Key Metrics
To summarise, Polycab India Ltd’s performance on 3 Feb 2026 was marked by:
- Intraday high of ₹7,697.70, a 9.44% increase
- Closing gain of 7.19%, outperforming Sensex by 4.57 percentage points
- Outperformance of sector by 2.93%
- Trading above all major moving averages (5, 20, 50, 100, 200 days)
- Mojo Score of 72.0 with a Buy grade upgraded from Hold in July 2025
- Proximity to 52-week high within 4.85%
These factors collectively underscore the stock’s strong intraday showing and technical robustness amid a mixed market backdrop.
Market Overview
While Polycab India Ltd advanced sharply, the Sensex experienced a volatile session. After a gap-up opening of 3,656.74 points, the index reversed course to close down by 1,466.20 points, or 2.68%, at 83,857.00. The index remains close to its 52-week high, with the 50-day moving average trading above the 200-day moving average, indicating a longer-term positive trend despite short-term fluctuations.
Mega-cap stocks led the market gains, providing some support, but the overall market sentiment was cautious. In this environment, Polycab India’s strong performance stands out as a notable exception.
Conclusion
Polycab India Ltd’s strong intraday performance on 3 Feb 2026, marked by a 7.19% closing gain and a 9.44% intraday high, reflects significant buying interest and technical strength. The stock’s ability to outperform both its sector and the broader market amid a volatile trading session highlights its resilience and robust positioning within the cables and electricals industry.
Trading near its 52-week high and above all key moving averages, Polycab India continues to demonstrate solid momentum, supported by an upgraded Mojo Grade and a favourable Mojo Score. This performance adds to the stock’s track record of strong returns over multiple timeframes, reinforcing its status as a prominent player in its sector.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
