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Polycab India Ltd.
Share Price Target & Analysis

NSE:POLYCAB

6561.77

VWAP

6415

Open

6408.35

Close

6645.5

High

6408.35

Low

7605

52 Week High

6620.50 ⇧
212.15 (3.31%)

POLYCAB

(POWER)
74.1% Momentum

Sideways to Positive

3801

52 Week Low

115.43

EPS

50.69

PE

12.22

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: POLYCAB Share Price Financial Analysis & Valuation

Polycab India Ltd. (POLYCAB) is broadly categorized in POWER segment industry which deals in Cables - Power & Others vertical. It is one of Large Cap company with Market Capitalization of Rs 37142.7 (in Cr). Total number of free float shares are 0 (in Lacs). Polycab India Ltd. is listed on NSE with Exchange ID - INE455K01017 and trading code is NSE:POLYCAB with short name Polycab.

In the past 1 year, Polycab India Ltd. has declared an equity dividend of Rs 30 per share. At the current share price of POLYCAB at Rs 6620.50, this results in a dividend yield of 0.45 %.

As per the Fundamental Analysis of NSE:POLYCAB, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine POLYCAB underlying value and future prospects. All of this data is available in POLYCAB financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:POLYCAB, it is clearly understood that POLYCAB is Economical performer in terms of earnings and profit margins with an EPS of 115.43. NSE:POLYCAB book value per share as of today is 541.62. The current price to book ratio for POLYCAB as of Nov 23, 2024 is 12.22.

Valuation of the Stock: The current valuation of POLYCAB stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of POLYCAB whether to BUY this stock at current valuation. The delivery percentage of POLYCAB is 46.75% is very crucial parameter which shows that 46.75% investors are anticipating that the price of POLYCAB share should go up with VWAP at 6561.77.

Now, the main question is whether to BUY or SELL, NSE:POLYCAB at current valuation.
As per latest Analysis No. #3508:-

⇑ STRONG BUY POLYCAB if All Greens

⇗ BUY POLYCAB (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD POLYCAB (With Stop Loss) if only 1 Green

⇘ SELL POLYCAB if NO Green Indicator

NSE: POLYCAB Share Price Today (Nov 23, 2024)

(Polycab India Ltd. Daily Analysis on the basis of POLYCAB Intraday Graph & Trend)

Polycab India Ltd. share price moved Up by 3.31% from its previous close of Rs 6408.35. POLYCAB stock last traded price is 6620.50. POLYCAB share price trend is Up with a total of 191397 stocks traded till now. It has touched an intraday high of Rs 6645.5 and an intraday low of Rs 6408.35. The POLYCAB trading at 6620.50, Up by Rs. 212.15, or 3.31 percent which suggests that most of the Traders are anticipating that the price of POLYCAB share should go Up.

NSE: POLYCAB Share Price Tomorrow Prediction

(Polycab India Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of POLYCAB)

Polycab India Ltd. share price moved Up by 3.31%. POLYCAB share price short term trend is Up. It suggests that POLYCAB Share Price for Tomorrow remains the same with VWAP at 6561.77 will be treated as stop loss for intraday traders. Polycab India Ltd. Long term investors can follow the POLYCAB long term trend as mentiond in future forecast table.

NSE Code

NSE: POLYCAB

POLYCAB Share Price Today

 6620.50

POLYCAB Share Price Target Prediction for 2024 ^

 5487.4 - 7642.6

POLYCAB Share Price Target Prediction for 2025*^

 7642.6 - 8141.9

POLYCAB Share Price Target Prediction for 2026*^

 8141.9 - 8711.8

POLYCAB Share Price Target Prediction for 2027*^

 9147

POLYCAB Share Price Target Prediction for 2028*^

 9409

POLYCAB Share Price Target Prediction for 2030*^

 10256
POLYCAB Current Book Value 2023
538.9

*Polycab India Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^POLYCAB share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

POLYCAB Technical Analysis

Candlestick Pattern: @6301.9

POLYCAB Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 6513.42 SELL 6459.18 SELL
MA_12 6553.68 SELL 6572.98 SELL
MA_20 6590.41 SELL 6636.6 SELL
MA_32 6869.78 SELL 6708.04 SELL
MA_50 6808.48 SELL 6731.02 SELL
MA_100 6723.97 SELL 6666.31 SELL
MA_200 6130.11 BUY 6211.6 BUY

POLYCAB Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 6590.41 Downtrend
MACD -21.63 SELL
ADX 23 NO or Weak Trend
DMI (+/-) 16.78 / 31.83 Downtrend

POLYCAB Momentum Oscillators

BUY (0) NEUTRAL (3) SELL (9)
Momentum Oscillators Value Action
RSI 34.89 Neutral
STOCHASTIC_K (Fast) 2.67 Oversold
STOCHASTIC_D (Slow) 8.37 Oversold
CCI -97.25 Neutral
PSAR 6936.28 SELL
TRUE RANGE 122.55 SELL
ATR 204.04 SELL
WILLIAMS R -94.5 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -879.6 SELL

POLYCAB Last 1 Year Trend

Duration Value
1 Year 22.36%
3 Months -1.74%
1 Month -12.25%
1 Week -7.55%

POLYCAB Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 13%
SELL 80%

Most popular Questions & Answers about POLYCAB


Polycab India Ltd. stock last traded price is 6620.50. POLYCAB share price moved Up by 3.31% from its previous close of Rs 6408.35.

Polycab India Ltd. share price trend is Up with a total of 191397 stocks traded till now. It has touched an intraday high of Rs 7681.05 and an intraday low of Rs 6408.35. The POLYCAB trading at 6620.50, Up by Rs. 212.15, or 3.31 percent which suggests that most of the Traders are anticipating that the price of POLYCAB share should go Up and the Stop Loss will be around 6561.77.

The market cap of Polycab India Ltd. is ₹37142.7 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Polycab India Ltd. as of Nov 22, 2024 is 50.69.

The current price to book ratio for Polycab India Ltd. as of Nov 22, 2024 is 12.22.

The highest price of Polycab India Ltd. stock is ₹7605 in the last 52-week.

The lowest price of Polycab India Ltd. stock is ₹3801 in the last 52-week.

Polycab India Ltd. share trading at ₹6620.50, Up by Rs. 212.15, or 3.31 percent which suggests that most of the traders are anticipating that the price of POLYCAB share should go Up.

In 2023, Stock price target for Polycab India Ltd. (POLYCAB) are ₹5487.4 on downside and ₹7642.6 on upside. Polycab India Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Polycab India Ltd. (POLYCAB) are ₹7642.6 on downside and ₹8141.9 on upside. Polycab India Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Polycab India Ltd. (POLYCAB) are ₹8141.9 on downside and ₹8711.8 on upside. Polycab India Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Polycab India Ltd. (POLYCAB) will be around ₹9409 Polycab India Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of POLYCAB.

The price of Polycab India Ltd. (POLYCAB) shares moved by 3.31%. The short-term trend for POLYCAB share price is Up. It implies that the share price of POLYCAB will stay the same tomorrow and that intraday traders should treat VWAP at 6561.77 as a stop loss. Investors with a long-term outlook can track POLYCAB long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of POLYCAB stock is 1384. Compared to the current market price of 6620.50 INR, the POLYCAB stock is Overvalued by 79.1%.

As per the fundamental analysis of Polycab India Ltd. (POLYCAB), it is of Economical quality in terms of earnings and profit margins with an EPS of 115.43. Polycab India Ltd. book value per share as of today is 541.62. The current price to book ratio for POLYCAB as of Nov 23, 2024 is 12.22.


NSE:POLYCAB News & Other Useful Information about POLYCAB Share Price


Peer Comparison of NSE: POLYCAB

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Cables - Power & Others

Company Price EPS BV
POLYCAB 6620.50 115.43 541.62
KEI 3994.85 69.17 348.69
UNIVCABLES 591.10 16.63 248.93
CORDSCABLE 191.81 9.04 130.91
DIAPOWER 1402.55 5.64 -184.71
Updated at: 22 Nov 2024 15:30

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