Polycab India Faces Continued Stock Decline Amid Market Volatility in Cable Sector

Polycab India, a prominent player in the cable industry, has experienced a notable decline of 3.37% on February 11, 2025. This downturn marks the fourth consecutive day of losses for the stock, which has seen a cumulative drop of 9.33% over this period. The stock reached an intraday low of Rs 5455.1, reflecting a decrease of 3.47% for the day.
In terms of performance metrics, Polycab India has outperformed its sector, which has fallen by 4.27%, by a margin of 0.74%. However, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

Over the past month, Polycab India has faced a significant decline of 16.56%, contrasting sharply with the Sensex, which has only decreased by 1.45%. This performance highlights the challenges faced by the company in the current market environment, as it navigates through a period of volatility within the cable sector.