Polycab India Ltd Share Price Up 1.14%, Hit Fresh 52-Week High Of ₹8,479 On NSE

Polycab India Ltd shares gained 1.14% to ₹8,443.50 on the NSE as of 10:51 am IST on February 26, compared with the previous close of ₹8,348.50. During the session, the stock touched a fresh 52-week high of ₹8,479.00 so far, according to exchange data.

The move follows the previous session’s rally and extends the stock’s upward trajectory, with buying interest continuing at higher levels.

Why Polycab India Ltd Share Price Moved

The stock advanced in early trade and scaled a new 52-week high of ₹8,479.00 so far on 26 February, surpassing the previous 52-week peak of ₹8,407.50 recorded in the prior session.

The counter had closed at ₹8,348.50 on 25 February. The follow-through buying in the current session indicates continued momentum after the recent breakout to record annual levels.

Over the past one month, the stock has appreciated 23.41%, reflecting sustained accumulation through February, as seen in exchange price data.

Stock Performance Snapshot

As of 10:51 am IST on February 26, Polycab India Ltd traded at ₹8,443.50, up ₹95.00 or 1.14% for the day.

The stock opened at ₹8,348.50 and touched a high of ₹8,479.00 so far, while the low stood at ₹8,345.00. The 52-week range is ₹4,555.00 to ₹8,479.00.

Market capitalisation stood at approximately ₹1.27 lakh crore, with a price-to-earnings (P/E) ratio of 48.56, as per exchange data.

What This Means For Investors

A fresh 52-week high signals continued strength in price momentum and indicates that the stock is trading at its highest level in the past year.

The extension of gains after the previous session’s rally suggests sustained demand at elevated valuations. The P/E ratio of 48.56 places the stock at a premium multiple, which investors typically evaluate alongside earnings growth and margin performance as disclosed in company filings.

The rise from the 52-week low of ₹4,555.00 highlights the scale of appreciation over the past year.

Broader Market and Sectoral Context

Polycab India Ltd traded among the gainers on the NSE during the morning session, supported by momentum-driven buying as it registered a fresh annual high.

Movements in capital goods and electrical equipment counters remained in focus, with the stock outperforming its previous close in early trade.

About the Company

Polycab India Ltd (NSE: POLYCAB) is engaged in the manufacture and sale of wires and cables and fast-moving electrical goods (FMEG), including fans, lighting, switches and switchgear.

The company operates across domestic and international markets and maintains a diversified product portfolio spanning power cables, control cables, flexible wires and consumer electrical solutions.

Conclusion

Polycab India Ltd shares rose 1.14% to ₹8,443.50 as of 10:51 am IST on February 26, after hitting a fresh 52-week high of ₹8,479.00 so far on the NSE. The move extends the stock’s recent upward momentum following a strong February rally and a 23.41% one-month gain. With the counter trading at record annual levels and a market capitalisation of around ₹1.27 lakh crore, market participants are tracking price stability near the new high and broader market cues.

Source: https://www.nseindia.com/get-quote/equity/POLYCAB/Polycab-India-Limited