Polycab India Shows Recovery Amid Broader Market Bullish Sentiment

Polycab India, a prominent player in the electrical cables industry, has shown notable activity today, gaining 3.01% on June 20, 2025. This performance marks a significant turnaround for the stock, which had experienced three consecutive days of decline prior to today’s rise. The stock outperformed its sector by 2.56%, indicating a positive shift in market sentiment.
During the trading session, Polycab India reached an intraday high of Rs 6004.85, reflecting a 3.18% increase. An analysis of its moving averages reveals that while the stock is currently above the 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages, suggesting mixed short-term trends.

In the broader market context, the Sensex experienced a sharp rise of 1.35%, climbing 1,104.60 points to reach 82,459.45, just 4.27% shy of its 52-week high. The overall bullish sentiment in the market is further supported by mega-cap stocks leading the charge, contributing to a positive trading environment for large-cap companies like Polycab India.