POLYCAB - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.4
| Stock Code | POLYCAB | Market Cap | 1,22,109 Cr. | Current Price | 8,110 ₹ | High / Low | 8,724 ₹ |
| Stock P/E | 47.1 | Book Value | 697 ₹ | Dividend Yield | 0.43 % | ROCE | 29.7 % |
| ROE | 21.4 % | Face Value | 10.0 ₹ | DMA 50 | 7,696 ₹ | DMA 200 | 7,331 ₹ |
| Chg in FII Hold | 3.39 % | Chg in DII Hold | -3.18 % | PAT Qtr | 618 Cr. | PAT Prev Qtr | 675 Cr. |
| RSI | 59.1 | MACD | 185 | Volume | 4,23,460 | Avg Vol 1Wk | 3,49,919 |
| Low price | 5,446 ₹ | High price | 8,724 ₹ | PEG Ratio | 1.45 | Debt to equity | 0.01 |
| 52w Index | 81.3 % | Qtr Profit Var | 36.4 % | EPS | 172 ₹ | Industry PE | 24.5 |
Analysis:
POLYCAB shows healthy intraday momentum with RSI at 59.1 and MACD strongly positive at 185. Volume (4,23,460) is above the 1-week average (3,49,919), confirming active participation. Price is trading above DMA 50 (7,696 ₹) and DMA 200 (7,331 ₹), reinforcing bullish bias for the session.
Optimal Buy Price:
Buy near 8,120–8,150 ₹ if price sustains above VWAP and intraday support.
Exit Levels:
- Profit-taking: 8,250–8,300 ₹ (short-term resistance zone)
- Stop-loss: 8,080 ₹ (below intraday support)
If Already Holding:
Exit intraday if RSI dips below 57 or if volume weakens below average while price fails to hold 8,120 ₹. Trail stop-loss to 8,180 ₹ once price moves above 8,250 ₹.
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Positive
- Strong ROE (21.4%) and ROCE (29.7%)
- Low debt-to-equity (0.01) ensures financial stability
- EPS at ₹172 supports long-term earnings growth
- FII holding increased (+3.39%), showing institutional confidence
- PEG ratio at 1.45 indicates valuation is balanced with growth
Limitation
- High P/E (47.1) vs industry average (24.5) indicates premium valuation
- Dividend yield at 0.43% is low for income investors
- RSI near 59 suggests limited upside before overbought zone
Company Negative News
- Quarterly PAT dipped from 675 Cr. to 618 Cr.
- DII holding reduced (-3.18%), showing weaker domestic sentiment
Company Positive News
- Strong demand in cables and wires sector
- Expansion into new product categories and markets
- Healthy institutional interest and strong 52-week performance (+81.3%)
Industry
- Industry PE at 24.5 highlights sector trading at lower multiples
- Infrastructure and housing demand driving cable/wire consumption
- Competitive landscape with peers offering value-based alternatives
Conclusion
POLYCAB is a strong intraday candidate with momentum and volume support. Optimal buy near 8,120–8,150 ₹ with profit exits around 8,250–8,300 ₹. Risk-managed stop-loss at 8,080 ₹ is essential. Existing holders should trail stops and monitor RSI/volume for intraday exit signals.