Consumer durables demand mixed; prefer LG, Polycab India: Motilal Oswal
Polycab India is in focus.
· Business Standard Mkts
After a slow start during Ganesh Chaturthi, demand picked up in Navratri, with consumer durables sales growing 25-30% YoY, notes Motilal Oswal Wealth Management Research Desk.
The analysis
Polycab India reported movement of -30%. 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.
Market context
- In focus: Polycab India (POLYCAB), in Capital Goods & Engineering.
- On the day, 1 of 2 are higher: Polycab India leads at +0.5% and Motilal Oswal trails at -4.5%.
- Over three months: Polycab India -12.5% against Capital Goods & Engineering -5.3% (7.2 points behind); Motilal Oswal +12.6% against Capital Markets -6.3% (18.9 points ahead).
- Trading well above normal today: Motilal Oswal at 2.4 times its 20-day average volume.
| 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× | — |
| Motilal OswalMOTILALOFS · Capital Markets | ₹941.95 | -4.5% | -5.2% | +12.6% | -12.9% | 2.4× | — |
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Polycab India
Capital Markets
1M -2.9% · 3M -6.3%
Motilal Oswal
Consumer & Retail
1M -4.9% · 3M -9.5%
Consumer Durables
1M -5.5% · 3M -12.4%
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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