Polycab India Faces Significant Stock Decline Amid Broader Cable Industry Challenges

Feb 14 2025 02:00 PM IST
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Polycab India has faced a significant decline in stock performance, losing 3.21% on February 14, 2025, amid broader sector trends. The stock has dropped 4.6% over two days and is trading below key moving averages, reflecting ongoing challenges in the market compared to the Sensex.
Polycab India, a prominent player in the cable industry, has experienced a notable decline in its stock performance today, with a loss of 3.21% as of February 14, 2025. This downturn aligns with broader sector trends, as the cable industry has also seen a decrease of 2.78%. Over the past two days, Polycab India has faced consecutive losses, totaling a decline of 4.6%.

The stock reached an intraday low of Rs 5,399.4, reflecting a drop of 2.76% during the trading session. Additionally, Polycab India is currently trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend in its short to long-term performance.

In terms of broader market performance, Polycab India's one-day decline of 3.15% contrasts with the Sensex, which fell by 0.84%. Over the past month, the stock has seen a significant drop of 17.08%, while the Sensex has only decreased by 1.31%. These metrics highlight the challenges Polycab India is currently facing in the market.
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