POLYCAB

Polycab has emerged as a "Relative Strength" leader today. While the broader Nifty is under pressure due to the 15% US Tariff news, Polycab hit a new 52-week high of ₹8,125 this morning. This decoupled movement suggests strong institutional accumulation. Breakout: The stock has cleared the psychological barrier of ₹8,000 with a 17.7% surge in Open Interest (OI). This indicates fresh long positions being built. Momentum: It is trading comfortably above its 20-day and 50-day EMA. The RSI is trending toward 65, suggesting there is still room before it hits the "overbought" zone. Fundamental View: Sector Tailwinds: Increased infrastructure spending and electrification initiatives are driving the Wires & Cables segment. Earnings: Following a stellar Q3 (46% revenue growth), the company is currently in high-profile investor meets, which is boosting "delivery-based" buying.