Polycab India Shows Strong Market Resilience Amid Broader Market Decline

Polycab India, a prominent player in the electrical cables industry, has shown notable activity today, gaining 3.03% on June 23, 2025. This performance has allowed the stock to outperform its sector by 1.68%. Over the past two days, Polycab India has experienced a consecutive gain, accumulating a total return of 5.97%.
The stock reached an intraday high of Rs 6,176.95, reflecting a 2.74% increase. In terms of moving averages, Polycab India is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

In the broader market context, the Sensex opened lower at 81,704.07, down by 704.10 points (-0.85%), and is currently trading at 81,775.09, reflecting a decline of 0.77%. Despite this, Polycab India has demonstrated resilience, with a 1-day performance of 2.93% compared to the Sensex's -0.78%. Over the past month, the stock has gained 5.21%, while the Sensex has seen a modest increase of 0.05%.

Overall, Polycab India's performance metrics indicate a strong position in the market, particularly over longer time frames, with a remarkable 183.27% increase over the past three years and an impressive 648.25% rise over the last five years.