Polycab India Shows Trend Reversal Amid Broader Market Gains and Mid-Cap Strength

Polycab India has shown notable activity today, gaining 3.44% on May 5, 2025. This performance marks a trend reversal for the stock, which had experienced three consecutive days of decline. The stock reached an intraday high of Rs 5662.25, reflecting a 3.62% increase at its peak.
In terms of performance metrics, Polycab India has outperformed its sector by 1.96% today. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

In the broader market context, the Sensex opened positively, trading at 80,793.77, up by 0.36%. The index has seen a three-week consecutive rise, gaining 7.5% during this period. Mid-cap stocks are leading the market today, with the BSE Mid Cap index up by 0.74%.

Over the past month, Polycab India has delivered an 11.45% return, significantly outperforming the Sensex's 7.20% gain. However, its year-to-date performance remains negative at -22.78%, contrasting with the Sensex's positive return of 3.40%.