POLYCAB - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.2
| Stock Code | POLYCAB | Market Cap | 1,12,710 Cr. | Current Price | 7,484 ₹ | High / Low | 7,948 ₹ |
| Stock P/E | 43.5 | Book Value | 697 ₹ | Dividend Yield | 0.47 % | ROCE | 29.7 % |
| ROE | 21.4 % | Face Value | 10.0 ₹ | DMA 50 | 7,316 ₹ | DMA 200 | 7,034 ₹ |
| Chg in FII Hold | 0.86 % | Chg in DII Hold | -0.57 % | PAT Qtr | 618 Cr. | PAT Prev Qtr | 675 Cr. |
| RSI | 56.8 | MACD | -112 | Volume | 9,35,792 | Avg Vol 1Wk | 4,25,343 |
| Low price | 4,555 ₹ | High price | 7,948 ₹ | PEG Ratio | 1.34 | Debt to equity | 0.01 |
| 52w Index | 86.3 % | Qtr Profit Var | 36.4 % | EPS | 172 ₹ | Industry PE | 18.2 |
📊 Analysis: POLYCAB shows strong fundamentals with high ROCE and ROE, low debt, and robust volume activity. Current price (₹7,484) is above both 50 DMA (₹7,316) and 200 DMA (₹7,034), indicating bullish bias. RSI at 56.8 suggests neutral-to-positive momentum, though MACD (-112) reflects mild short-term weakness. Intraday volume is significantly higher than average, supporting active trading opportunities.
💹 Optimal Buy Price: Around ₹7,450–₹7,480 (near support zone close to 50 DMA).
🎯 Profit-Taking Exit Levels: ₹7,550–₹7,600 (short-term resistance zone).
🛡️ Stop-Loss / Loss Protection: ₹7,400 (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above ₹7,450 with weakening momentum or if RSI drops below 50 intraday. If momentum strengthens with volume, partial profit booking near ₹7,550–₹7,600 is advisable.
Positive
- Strong ROCE (29.7%) and ROE (21.4%) indicating efficient capital use.
- Low debt-to-equity (0.01) ensures financial stability.
- High EPS (₹172) supports long-term valuation strength.
- Volume spike nearly 2x average, favorable for intraday moves.
Limitation
- High P/E (43.5) compared to industry average (18.2) suggests overvaluation risk.
- MACD negative (-112) indicates short-term weakness.
- Dividend yield (0.47%) is low, limiting passive returns.
Company Negative News
- Sequential decline in quarterly PAT (₹675 Cr → ₹618 Cr).
- DII holding reduced (-0.57%), showing cautious domestic sentiment.
Company Positive News
- FII holding increased (+0.86%), reflecting foreign investor confidence.
- Quarterly profit variation +36.4% YoY, strong growth momentum.
- Stock trading near 52-week high (86.3% index), showing strong market positioning.
Industry
- Industry P/E at 18.2, significantly lower than POLYCAB’s valuation.
- Electrical and cables sector benefiting from infrastructure and housing demand.
Conclusion
⚡ POLYCAB is a strong candidate for intraday trading today due to high volume, bullish price action above DMA levels, and strong fundamentals. However, traders should remain cautious of short-term weakness indicated by MACD and elevated valuation. Optimal strategy: Buy near ₹7,450–₹7,480, book profits around ₹7,550–₹7,600, and protect downside with stop-loss at ₹7,400.
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