News and Views
Recent Price Movement and Market Context
Polycab India’s stock has been on a downward trajectory over the past week, registering a 5.11% loss compared to the Sensex’s modest 0.63% decline. Over the last month, the divergence is even more pronounced, with the stock falling 6.89% while the Sensex gained 2.27%. Year-to-date, Polycab’s shares have declined by 3.41%, contrasting with the Sensex’s robust 8.91% rise. This underperformance is further underscored by the stock’s 1-year return of -4.04%, despite the benchmark’s positive 4.15% gain.
On the day in question, the stock underperformed its sector by 1.16%, with the cable sector itself down 2.06%. The share price touched an intraday low of ₹7,010.50, reflecting selling pressure. Notably, the weighted average price indic...
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