Polycab India's Stock Sees 3.31% Gain, Outperforms Sector on November 6

Polycab India, a leading cable manufacturer in India, saw a positive trend in its stock performance on November 6, 2024. The stock gained 3.31% and closed at Rs. 6850. This performance was in line with the overall market trend, as the Sensex also saw a 0.67% increase on the same day. According to MarketsMOJO, a leading stock analysis platform, the current recommendation for Polycab India's stock is 'Hold'. This is based on the company's recent performance and market trends. In terms of price summary, Polycab India's stock outperformed its sector by 2.11% on November 6. It also showed a consecutive gain for the last 5 days, with a 6.92% increase in returns during this period. The stock also touched an intraday high of Rs. 6899.95, showing a 4.29% increase. When looking at moving averages, Polycab India's stock is currently higher than its 5 day, 50 day, 100 day, and 200 day moving averages. However, it is lower than its 20 day moving average. In comparison to the Sensex, Polycab India's stock has shown a 1 day performance of 3.43%, while the Sensex only saw a 0.67% increase. In the last month, Polycab India's stock has performed slightly worse than the Sensex, with a -4.72% decrease compared to the Sensex's -2.05% decrease. Overall, Polycab India's stock has shown a positive trend in its recent performance, with a strong gain on November 6. However, it is important to note that this is not a recommendation to buy or sell the stock, and investors should do their own research before making any decisions.