Polycab India Ltd Share Price Hit 52-Week High

Polycab India Ltd shares climbed 2.88% to ₹8,354.50 on the NSE as of 12:55 pm IST on February 25, compared with the previous close of ₹8,120.50. During the session, the stock touched a high of ₹8,407.50, which is also its 52-week high, according to exchange data.

The move comes amid sustained buying interest, with the stock also posting a 23.41% gain over the past one month, rising ₹1,584 from levels around ₹6,766 during the period.

Polycab India Ltd (NSE: POLYCAB) is engaged in the manufacturing and sale of wires and cables, along with fast-moving electrical goods (FMEG) such as fans, lighting products, switches, and switchgear.

The company operates across domestic and international markets and is one of India’s established players in the electrical equipment segment. Its diversified product portfolio spans power cables, control cables, flexible wires, and consumer electrical solutions.

Why Polycab India Ltd Share Price Rose

The stock’s advance coincided with continued upward momentum seen over the past several sessions, culminating in a fresh 52-week high during trade. As per NSE data, the price has steadily trended higher through February. The 52-week high of ₹8,407.50 so far places the stock at its strongest level in the past year. The counter had closed at ₹8,120.50 in the previous session, indicating a sharp follow-through move in the current trade.

Over the last month, the stock has appreciated 23.41%, signalling sustained accumulation. The recent breakout above earlier resistance levels appears to have supported the latest leg of gains.

Polycab India Ltd Stock Performance Snapshot

As of 12:55 pm IST on 25 February, Polycab India Ltd traded at ₹8,354.50, up ₹234 or 2.88% on the day.

The stock opened at ₹8,120.50 and touched a high of ₹8,407.50 so far, and a low of ₹8,119.50 so far. The 52-week range now is ₹4,555.00 to ₹8,407.50.

The company’s market capitalisation stood at approximately ₹1.26 lakh crore, with a price-to-earnings (P/E) ratio of 48.04, according to exchange data.

What This Means for Investors

A fresh 52-week high typically indicates strong momentum and positive market sentiment around the stock. The one-month rise of 23.41% suggests that the recent rally has been supported by sustained buying rather than a single-session spike.

Investors may track whether the stock sustains above the previous closing levels and consolidates near record territory. Valuation metrics, including the P/E ratio of 48.04, remain relevant in assessing risk-reward at elevated price levels.

The 52-week low of ₹4,555.00 provides perspective on the scale of recovery over the past year, highlighting the extent of the stock’s appreciation.

Polycab India Ltd shares rose 2.88% to ₹8,354.50 as of 12:55 pm IST on 25 February, after touching a 52-week high of ₹8,407.50 so far on the NSE. The gain builds on a 23.41% rise over the past month, reflecting sustained upward momentum. With the stock trading at record annual levels and a market capitalisation of around ₹1.26 lakh crore, investors are closely monitoring price stability near the fresh high and broader market cues.

Source:

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