Trading Activity and Market Performance
On 24 Feb 2026, Polycab India Ltd (NSE: POLYCAB) recorded a total traded volume of 3,36,259 shares, translating into a substantial traded value of ₹27,148.54 lakhs. This level of activity places Polycab among the most actively traded equities by value on the day, underscoring heightened market participation. The stock opened at ₹7,969 and steadily climbed to a day high of ₹8,129, closing near the peak at ₹8,092, marking a day gain of 1.83%.
In comparison, the broader Sensex index declined by 0.82%, while the cables electricals sector index fell by 0.28%, highlighting Polycab’s relative strength and resilience amid a generally subdued market environment. The stock’s outperformance by 1.67% over its sector peers further emphasises its leadership position within the industry.
Technical Strength and Momentum
Polycab India’s price action reflects strong technical momentum. The stock has been on a three-day consecutive gain streak, delivering a cumulative return of 3.95% over this period. It is currently trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling a robust uptrend and positive investor sentiment.
The recent surge to a new 52-week high at ₹8,129 is a significant technical milestone, often interpreted by market participants as a confirmation of strength and a potential trigger for further buying interest. The stock’s ability to sustain levels above its previous close of ₹7,974 and maintain upward momentum is a positive indicator for medium-term price appreciation.
Institutional Interest and Delivery Volumes
Institutional participation appears to be on the rise, as evidenced by the delivery volume data. On 23 Feb 2026, the delivery volume stood at 1.8 lakh shares, representing a 9.09% increase over the five-day average delivery volume. This uptick in delivery volumes suggests that investors are not merely trading intraday but are accumulating shares for longer-term holding, reflecting confidence in the company’s fundamentals and growth prospects.
Liquidity remains healthy, with the stock’s traded value comfortably supporting trade sizes of up to ₹4.79 crores based on 2% of the five-day average traded value. This liquidity profile makes Polycab an attractive option for institutional investors and large traders seeking to execute sizeable transactions without significant market impact.
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Fundamental and Market Capitalisation Overview
Polycab India Ltd operates in the cables and electricals industry, a sector that has witnessed steady demand growth driven by infrastructure development, urbanisation, and increasing electrification across India. The company’s market capitalisation stands at a commanding ₹1,21,061 crores, categorising it as a large-cap stock with significant institutional ownership and analyst coverage.
MarketsMOJO assigns Polycab a Mojo Score of 78.0, reflecting a strong buy recommendation. This score represents an upgrade from the previous Hold rating, effective from 21 Jul 2025, signalling improved fundamentals, valuation metrics, and technical outlook. The company holds a Market Cap Grade of 1, indicating its position among the top-tier large-cap stocks in terms of market capitalisation and liquidity.
Comparative Sector and Market Context
Within the cables electricals sector, Polycab’s recent performance stands out. While the sector index has experienced marginal declines, Polycab’s gains underscore its competitive advantage and investor preference. The stock’s ability to outperform both its sector and the broader Sensex index during a downtrend highlights its defensive qualities and growth potential.
Moreover, the company’s consistent upward trajectory over the past three days, combined with strong volume and value metrics, suggests that Polycab is attracting fresh capital inflows, possibly from institutional investors repositioning portfolios ahead of anticipated sectoral growth or earnings upgrades.
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Outlook and Investor Considerations
Given the current momentum, Polycab India Ltd appears well-positioned to sustain its upward trajectory in the near term. The combination of strong institutional interest, robust liquidity, and positive technical indicators supports a constructive outlook. Investors should note the stock’s recent upgrade to a Buy rating by MarketsMOJO, reflecting enhanced confidence in its earnings growth and market positioning.
However, as with any equity, investors must remain vigilant to broader market volatility and sector-specific risks such as raw material price fluctuations and regulatory changes. The cables and electricals industry is also subject to cyclical demand patterns, which may impact short-term performance.
Overall, Polycab’s large-cap status, strong fundamentals, and active trading profile make it a compelling candidate for investors seeking exposure to the infrastructure and electricals growth theme in India.
Summary of Key Metrics:
- Market Capitalisation: ₹1,21,061 crores (Large Cap)
- Mojo Score: 78.0 (Buy, upgraded from Hold on 21 Jul 2025)
- Day’s High/Low: ₹8,129 / ₹7,911
- Last Traded Price (LTP): ₹8,092
- Total Traded Volume: 3,36,259 shares
- Total Traded Value: ₹27,148.54 lakhs
- Delivery Volume (23 Feb): 1.8 lakh shares (+9.09% vs 5-day avg)
- Performance: +1.83% day gain; +3.95% over last 3 days
- Outperformance: +1.67% vs sector; Sensex down 0.82%
Conclusion
Polycab India Ltd’s recent trading surge and new highs reflect a confluence of positive factors including strong institutional buying, technical strength, and favourable sector dynamics. The stock’s upgrade to a Buy rating by MarketsMOJO further validates its investment appeal. For investors seeking quality large-cap exposure in the cables and electricals space, Polycab offers a compelling blend of growth potential and liquidity.
Market participants should continue to monitor volume trends and price action closely, as sustained investor participation will be critical to maintaining the current momentum and realising further gains.
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