Polycab India’s Q2 is robust even as competition heats up
Polycab India set out an expansion in a quarterly results development.
· LiveMint Markets
Polycab's brand and scale provide competitive advantages, but pricing behaviour, capacity additions, and the pace of market share gains should be monitored…
The analysis
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
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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
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