Polycab India Ltd Sees Surge in Trading Volume and Investor Participation

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 1,362,085 shares and a total traded value of approximately Rs 80.11 crore. The stock opened at Rs 5,829.5 and reached a day high of Rs 6,015.0, reflecting a notable intraday performance. As of the latest update, the last traded price stands at Rs 5,990.5.
In terms of performance metrics, Polycab India has outperformed its sector by 2.81% today, marking a 3.15% return for the day. The stock has shown consistent gains over the past two days, accumulating a total return of 8.99% during this period. Notably, the delivery volume on May 5 increased by 40.41% compared to the five-day average, indicating rising investor participation.

Polycab's liquidity remains robust, with trading activity reflecting 2% of the five-day average traded value, making it suitable for trades around Rs 0.6 crore. The stock's moving averages indicate it is performing above the 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages. Overall, Polycab India Ltd continues to demonstrate strong market activity and performance indicators.