Polycab India Ltd Sees Surge in Trading Activity and Investor Engagement

Polycab India Ltd, a prominent player in the cable industry, has emerged as one of the most active equities today, with a total traded volume of 425,761 shares and a traded value of approximately Rs 21.92 crore. The stock opened at Rs 5,069.80 and reached a day high of Rs 5,190.00, reflecting a notable intraday increase of 3.08%. As of the latest update, the last traded price stands at Rs 5,184.00.
In terms of performance, Polycab India has outperformed its sector by 1.93%, marking a consecutive gain over the last two days with a total return of 3.3% during this period. The stock's delivery volume on March 24 saw a significant rise of 36.8% compared to its five-day average, indicating increased investor participation.

While the stock is currently above its five-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. With a market capitalization of Rs 75,526 crore, Polycab India continues to demonstrate robust liquidity, suitable for trades up to Rs 16.55 crore based on 2% of its five-day average traded value. Overall, Polycab India Ltd's performance today reflects strong activity and investor engagement in the cable sector.