Meanwhile, NDTV Profit reported that Inder T. Jaisinghani, Ajay T. Jaisinghani, Ramesh T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Bharat Jaisinghani, Nikhil Ramesh Jaisinghani, and Anil Hariram Hariani will sell shares.
Polycab shares today ended at Rs 7,529 on the NSE, falling by Rs 91 or 1.19% over the Tuesday closing price. It was its second successive loss following a fresh 52 week high of Rs 7,714 it hit on Monday.
Polycab shares have delivered 14% returns over a 1-year period while rising over 2% so far in 2025. The multibagger stocks 3-year returns are in excess of 190%.
The stock is currently trading above its 50-day and 200-day simple moving averages of Rs 7,083 and Rs 6,293, respectively, according to Trendlyne.
The stock has traded with high volatility with a 1-year beta of 1.1, Trendlyne data revealed.The company reported a consolidated net profit of Rs 592 crore in the June ended quarter, which was a 49% year-on-year growth. Total revenue in the reported quarter stood at Rs 5,986 crore, which was a 26% YoY growth.Also Read: Akzo Nobel India block deals: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi among buyers
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