POLYCAB - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.7
| Stock Code | POLYCAB | Market Cap | 1,45,613 Cr. | Current Price | 9,670 ₹ | High / Low | 9,696 ₹ |
| Stock P/E | 56.0 | Book Value | 787 ₹ | Dividend Yield | 0.36 % | ROCE | 34.0 % |
| ROE | 24.1 % | Face Value | 10.0 ₹ | DMA 50 | 8,433 ₹ | DMA 200 | 7,619 ₹ |
| Chg in FII Hold | 3.39 % | Chg in DII Hold | -3.18 % | PAT Qtr | 750 Cr. | PAT Prev Qtr | 614 Cr. |
| RSI | 78.9 | MACD | 397 | Volume | 2,30,168 | Avg Vol 1Wk | 2,73,540 |
| Low price | 5,760 ₹ | High price | 9,696 ₹ | PEG Ratio | 1.93 | Debt to equity | 0.01 |
| 52w Index | 99.3 % | Qtr Profit Var | 3.32 % | EPS | 173 ₹ | Industry PE | 28.1 |
Analysis:
POLYCAB is trading at 9,670 ₹, almost at its 52-week high (9,696 ₹). RSI at 78.9 signals strong overbought conditions, while MACD remains highly positive at 397. Volume (2,30,168) is below the 1-week average (2,73,540), showing reduced participation at elevated levels. Price is well above DMA 50 (8,433 ₹) and DMA 200 (7,619 ₹), confirming long-term bullish strength but limited intraday upside due to stretched momentum.
Optimal Buy Price:
Buy only if price sustains above 9,640–9,660 ₹ with strong intraday support and volume confirmation. Avoid fresh entry near 9,690–9,700 ₹ as it is a resistance zone.
Exit Levels:
- Profit-taking: 9,720–9,750 ₹ (short-term resistance)
- Stop-loss: 9,620 ₹ (below intraday support)
If Already Holding:
Exit intraday if RSI crosses 80 with weakening volume or if price fails to hold above 9,640 ₹. Trail stop-loss to 9,680 ₹ once price moves above 9,720 ₹.
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Positive
- Strong ROE (24.1%) and ROCE (34.0%)
- EPS at ₹173 supports earnings growth
- Debt-to-equity at 0.01 ensures financial stability
- FII holding increased (+3.39%), showing institutional confidence
Limitation
- High P/E (56.0) vs industry average (28.1) indicates premium valuation
- Dividend yield at 0.36% is low for income investors
- RSI at 78.9 suggests overbought zone, limiting upside
Company Negative News
- DII holding reduced (-3.18%), showing weaker domestic sentiment
- Valuation stretched compared to peers
Company Positive News
- Quarterly PAT improved from 614 Cr. to 750 Cr.
- Strong demand in cables and wires sector
- Healthy institutional interest and strong 52-week performance (+99.3%)
Industry
- Industry PE at 28.1 highlights sector trading at lower multiples
- Infrastructure and housing demand driving cable/wire consumption
- Competitive landscape with peers offering value-based alternatives
Conclusion
POLYCAB remains fundamentally strong but intraday upside is capped due to overbought RSI and proximity to 52-week highs. Optimal buy near 9,640–9,660 ₹ with profit exits around 9,720–9,750 ₹. Risk-managed stop-loss at 9,620 ₹ is essential. Existing holders should trail stops and monitor RSI/volume for intraday exit signals.
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