Polycab India Faces Continued Stock Decline Amid Broader Market Stability

Jan 22 2025 12:05 PM IST
share
Share Via
Polycab India is experiencing significant challenges, with a recent decline in stock performance continuing a downward trend. The stock has underperformed compared to its sector and broader market indices, reflecting a notable drop over the past month and trading below key moving averages.
Polycab India, a key player in the cable industry, has faced notable challenges today, with a decline of 3.07% on January 22, 2025. This downturn marks a continuation of a downward trend, as the stock has underperformed its sector by 1.6% and has seen a total drop of 6.54% over the last two days.

During today's trading, Polycab India reached an intraday low of Rs 6,350, reflecting a decrease of 3.21%. The stock's performance is significantly below its moving averages, trading lower than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

In the context of broader market dynamics, Polycab India's one-day performance of -4.14% stands in stark contrast to the Sensex, which experienced a slight increase of 0.18%. Over the past month, Polycab India has seen a decline of 12.42%, while the Sensex has only dropped by 2.65%. These metrics highlight the stock's current struggles in a fluctuating market environment.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News