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Polycab India Ltd.
Share Price Target & Analysis

NSE:POLYCAB

6512.27

VWAP

6538.00

Open

6470.3

Close

6538.00

High

6496.05

Low

6542.90

52 Week High

6501.15 ⇧
10.20 (0.16%)

POLYCAB

(POWER)
98.7% Momentum

Trending & Favourite

3360.20

52 Week Low

117.86

EPS

53.87

PE

14.78

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 6501.15, this results in a dividend yield of 0.46 %.

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 117.86. NSE:POLYCAB book value per share as of today is 439.96. The current price to book ratio for POLYCAB as of May 18, 2024 is 14.78.

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 54.65% is very crucial parameter which shows that 54.65% investors are anticipating that the price of POLYCAB share should go up with VWAP at 6512.27.

Now, the main question is whether to BUY or SELL, NSE:POLYCAB at current valuation.
As per latest Analysis No. #2930:-

⇑ 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 (May 18, 2024)

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

Polycab India Ltd. share price moved Up by 0.16% from its previous close of Rs 6470.3. POLYCAB stock last traded price is 6501.15. POLYCAB share price trend is Up with a total of 7644 stocks traded till now. It has touched an intraday high of Rs 6538.00 and an intraday low of Rs 6496.05. The POLYCAB trading at 6501.15, Up by Rs. 10.20, or 0.16 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 0.16%. POLYCAB share price short term trend is Up. It suggests that POLYCAB Share Price for Tomorrow remains the same with VWAP at 6512.27 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

 6501.15

POLYCAB Share Price Target Prediction for 2024 ^

 4763.8 - 6575.3

POLYCAB Share Price Target Prediction for 2025*^

 6575.3 - 7004.8

POLYCAB Share Price Target Prediction for 2026*^

 7004.8 - 7495.1

POLYCAB Share Price Target Prediction for 2027*^

 7870

POLYCAB Share Price Target Prediction for 2028*^

 8095

POLYCAB Share Price Target Prediction for 2030*^

 8823
POLYCAB Current Book Value 2023
437.8

*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: @6466.9

POLYCAB Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 6236.1 BUY 6272.02 BUY
MA_12 5949.02 BUY 6002.82 BUY
MA_20 5769.12 BUY 5842.38 BUY
MA_32 5528.32 BUY 5613.54 BUY
MA_50 5307.01 BUY 5445.54 BUY
MA_100 4965.07 BUY 5234.76 BUY
MA_200 5072.55 BUY 4859.56 BUY

POLYCAB Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 6461.57 OverBought
MACD 57.91 BUY
ADX 50.67 Very Strong Trend
DMI (+/-) 31.87 / 5.63 Uptrend

POLYCAB Momentum Oscillators

BUY (7) NEUTRAL (5) SELL (0)
Momentum Oscillators Value Action
RSI 77.04 Overbought
STOCHASTIC_K (Fast) 89.45 Overbought
STOCHASTIC_D (Slow) 86.02 Overbought
CCI 151.03 BUY
PSAR 5905.6 BUY
TRUE RANGE 250.35 Neutral
ATR 195.79 Neutral
WILLIAMS R -6.86 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 74.57 Neutral
STOCHASTIC RSI D 77.16 Neutral
MOMENTUM 1164.55 BUY

POLYCAB Last 1 Year Trend

Duration Value
1 Year 99.89%
3 Months 47.37%
1 Month 21.96%
1 Week 9.21%

POLYCAB Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 83%
NEUTRAL / HOLD 17%
SELL 0%

Most popular Questions & Answers about POLYCAB


Polycab India Ltd. stock last traded price is 6501.15. POLYCAB share price moved Up by 0.16% from its previous close of Rs 6470.3.

Polycab India Ltd. share price trend is Up with a total of 7644 stocks traded till now. It has touched an intraday high of Rs 6608.329 and an intraday low of Rs 6496.05. The POLYCAB trading at 6501.15, Up by Rs. 10.20, or 0.16 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 6512.27.

The market cap of Polycab India Ltd. is ₹37142.7 (in Cr) as of May 17, 2024.

The current price to earning ratio for Polycab India Ltd. as of May 17, 2024 is 53.87.

The current price to book ratio for Polycab India Ltd. as of May 17, 2024 is 14.78.

The highest price of Polycab India Ltd. stock is ₹6542.90 in the last 52-week.

The lowest price of Polycab India Ltd. stock is ₹3360.20 in the last 52-week.

Polycab India Ltd. share trading at ₹6501.15, Up by Rs. 10.20, or 0.16 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 ₹4763.8 on downside and ₹6575.3 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 ₹6575.3 on downside and ₹7004.8 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 ₹7004.8 on downside and ₹7495.1 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 ₹8095 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.

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 117.86. Polycab India Ltd. book value per share as of today is 439.96. The current price to book ratio for POLYCAB as of May 18, 2024 is 14.78.


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 6501.15 117.86 439.96
KEI 4168.80 64.39 348.87
UNIVCABLES 616.05 12.34 203.87
CORDSCABLE 217.25 6.93 123.15
DIAPOWER 1001.65 0 -185.95
Updated at: 17 May 2024 15:57

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