Polycab India shares fall 6% in two sessions. What’s triggering the selloff?
NSE moved lower with December 30 in focus.
· Economic Times Markets, ET Stocks
Polycab India shares dropped 6% in two sessions after NSE announced its exclusion from the equity derivatives segment effective December 30. The move follows an insolvency petition admitted by NCLT over alleged dues of Rs 2.79 crore, which has since been stayed by NCLAT pending an October 26 hearing.
Key facts
- Dates in focus
- December 30 and October 26
The analysis
NSE reported Rs 2.79 crore, with movement of 6% attached to those lines. 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.
In this story
Related coverage
Sebi pushes for resilient capital markets, focuses on investor protection: Chairman
Venture capital firm Octopus Ventures leads $38 million investment in Braid
Delhi Weather Sees First Fog Conditions of Winter at IGI Airport and Safdarjung
Adani Energy Solutions Gets CCI Nod To Acquire IntelliSmart Infrastructure In Rs 3,050-Crore Deal
Syrma SGS reports best-ever quarter; Q2 revenue up 73% to Rs 1,999.5 crore