Polycab India Shows Mixed Performance Amid Broader Market Gains and Sector Trends

Polycab India, a prominent player in the cable industry, has shown notable activity today, gaining 3.03% as of April 11, 2025. This performance has allowed the stock to outperform its sector by 0.38%. Over the past three days, Polycab India has demonstrated a consistent upward trend, accumulating a total return of 4.68%. The stock reached an intraday high of Rs 5169, reflecting a 3.26% increase.
In terms of moving averages, Polycab India is currently positioned above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. This indicates a mixed short-term performance relative to longer-term trends.

The broader market context shows the Sensex rising sharply, with a gain of 1.97% today, following a gap-up opening. While the cable sector has also seen a rise of 2.86%, Polycab India's performance over various time frames reveals a complex picture, with a year-to-date decline of 29.01% compared to the Sensex's 3.61% drop. However, over a three-year period, Polycab India has achieved a remarkable return of 93.68%, significantly outperforming the Sensex's 27.74%.