Polycab India Faces Continued Stock Decline Amid Broader Cable Sector Challenges

Polycab India, a prominent player in the cable industry, has experienced a notable decline of 3.91% on April 7, 2025. This downturn marks the third consecutive day of losses for the stock, which has seen a total drop of 8.24% over this period. The stock opened lower today, with an initial loss of 3.74%, and reached an intraday low of Rs 4574.55, reflecting a significant decrease of 9.21%.
In terms of performance metrics, Polycab India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The broader cable sector has also faced challenges, with a decline of 3.23% today.

Comparatively, Polycab India's performance over various time frames shows a decline of 5.16% over the past week and 32.18% over the last three months. Year-to-date, the stock has fallen by 33.21%, while its performance over the past year shows a decrease of 8.66%. In contrast, the stock has demonstrated substantial growth over the last five years, with an impressive increase of 531.97%.