Trading Activity and Price Movement
On 14 Jan 2026, Polycab India Ltd (symbol: POLYCAB) recorded a total traded volume of 12,28,754 shares, translating into a substantial traded value of ₹90,577.36 lakhs. The stock opened at ₹7,328, down approximately 3% from its previous close of ₹7,555, and touched an intraday low of ₹7,328. The last traded price (LTP) stood at ₹7,410 as of 09:43:47 IST, marking a 1.98% decline on the day.
This price movement contrasts with the sector’s modest decline of 0.39% and the Sensex’s near-flat performance, down just 0.02%. Polycab’s underperformance relative to its sector highlights short-term selling pressure, possibly driven by profit booking or broader market volatility.
Technical and Trend Analysis
The stock has been on a downward trajectory for the past five consecutive sessions, cumulatively losing 6.23% in value. Notably, Polycab’s price remains above its 200-day moving average, signalling a long-term bullish bias. However, it currently trades below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating short- to medium-term weakness and potential consolidation.
The opening gap down of 3% today further emphasises the immediate bearish sentiment. Yet, the rising delivery volume of 2.42 lakh shares on 13 Jan, a 35.89% increase over the five-day average, suggests growing investor participation and possible accumulation by long-term holders or institutional players.
Institutional Interest and Liquidity
Polycab’s liquidity profile remains robust, with the stock’s traded value representing approximately 2% of its five-day average traded value. This liquidity supports sizeable trade sizes, estimated at ₹5.47 crore, making it attractive for institutional investors and large order flows.
The company’s market capitalisation stands at ₹1,11,532.84 crore, categorising it as a mid-cap stock within the Cables - Electricals sector. Its market cap grade of 2 reflects a moderate valuation tier, balancing growth potential with established market presence.
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Mojo Score Upgrade and Analyst Ratings
MarketsMOJO has recently upgraded Polycab India Ltd’s mojo grade from Hold to Buy as of 21 Jul 2025, reflecting improved confidence in the company’s fundamentals and growth prospects. The current mojo score stands at a healthy 71.0, signalling a strong buy recommendation based on comprehensive financial and market analysis.
This upgrade is underpinned by Polycab’s consistent revenue growth, expanding market share in the electrical cables industry, and solid operational metrics. The company’s ability to maintain price strength despite recent short-term volatility further supports the positive outlook.
Sectoral Context and Competitive Positioning
Within the Cables - Electricals sector, Polycab India Ltd remains one of the most actively traded stocks by value, underscoring its prominence among investors. The sector itself has faced headwinds recently, with a 0.39% decline on the day, influenced by raw material cost pressures and cautious demand outlook.
Polycab’s mid-cap status and market cap grade of 2 position it well to capitalise on sector recovery, supported by its diversified product portfolio and strong distribution network. The company’s focus on innovation and quality has helped it sustain competitive advantages in a fragmented market.
Valuation and Financial Metrics
Despite the recent price correction, Polycab’s valuation metrics remain attractive relative to peers. The company’s price-to-earnings ratio and return on equity have shown steady improvement over recent quarters, reflecting operational efficiency and profitable growth.
Investors should note the stock’s current trading range, which remains above the 200-day moving average, signalling underlying strength. The short-term moving averages suggest caution, but the rising delivery volumes indicate that institutional investors may be accumulating positions at these levels.
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Investor Takeaway and Outlook
Polycab India Ltd’s recent trading activity highlights a stock under pressure in the short term but supported by strong fundamentals and institutional interest. The five-day consecutive decline of 6.23% may present a tactical entry point for investors seeking exposure to a leading mid-cap in the electrical cables sector.
Given the company’s mojo upgrade to Buy and a mojo score of 71.0, the medium- to long-term outlook remains constructive. Investors should monitor the stock’s ability to reclaim its short-term moving averages and watch for sustained delivery volume increases as confirmation of renewed buying interest.
Market participants should also consider sectoral trends and raw material cost dynamics, which could influence near-term performance. Polycab’s strong market position and liquidity profile make it a viable candidate for inclusion in diversified portfolios targeting growth in infrastructure and electrical components.
Summary
In summary, Polycab India Ltd stands out as one of the highest value traded stocks on 14 Jan 2026, reflecting significant institutional participation despite a modest price setback. The company’s upgraded mojo grade, solid fundamentals, and liquidity support a positive investment thesis, balanced against short-term technical weakness and sectoral challenges.
Investors with a medium- to long-term horizon may find Polycab an attractive proposition, particularly if the stock stabilises above key moving averages and delivery volumes continue to rise.
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