Polycab India’s F&O exit: NSE sets December 30 deadline; NCLAT stays insolvency order
Polycab India secured new business with December 30 in focus.
· ET Stocks, Economic Times Markets, NDTV Profit, Business Standard Mkts
NSE will remove Polycab India from the equity derivatives segment from December 30, 2026, with existing contracts available until expiry. Separately, NCLAT has stayed the NCLT order admitting insolvency proceedings against the company over an alleged Rs 2.79 crore operational debt, pending further orders.
Key facts
- Dates in focus
- December 30
The analysis
Polycab India reported Rs 2.79 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.5% on the day at ₹7,787.00, and has returned -12.5% over three months. It sits 23% below its 52-week high. The capital goods & engineering sector has moved -5.3% over the same period, so Polycab India is running 7.2 points behind its peers.
For Polycab India, the question is how much of this is already reflected in the price and how much re-rates the capital goods & engineering peer set alongside it.
Why it matters
- With NSE, NCLT involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: Polycab India (POLYCAB), in Capital Goods & Engineering.
- Over three months: Polycab India -12.5% against Capital Goods & Engineering -5.3% (7.2 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Polycab IndiaPOLYCAB · Capital Goods & Engineering | ₹7,787.00 | +0.5% | -3.0% | -12.5% | -22.8% | 0.8× | — |
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Polycab India
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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