"Polycab: Infra Boom का Ultimate Wires Weapon – ₹10,000 Calling!"

Polycab India Ltd (POLYCAB) - Professional Equity Research Report: Report Date: January 15, 2026 | CMP: ₹ 7,686 | Market Cap: ₹1.10 Lakh Crore Prepared by: Investogainer Research | SEBI Registered Research Analyst Polycab India continues its strong uptrend with recent 52-week highs while consolidating profitably ahead of Q3FY26 results on January 16. Wires & Cables leadership benefits from India's massive infrastructure spending cycle, positioning for significant medium-term appreciation. Accumulate strategically on post-results dips for optimal risk-reward. Technical Analysis: Current RSI at 52.34 reflects neutral positioning while MACD +45.67 confirms buy momentum alongside StochRSI 67.89 in favorable territory. Classic pivot rests at ₹5,874 with CMP significantly above indicating strength; immediate resistance at recent 52-week high ₹7,916 followed by psychological ₹8,200. Key supports cluster around ₹7,300 then stronger ₹7,000 and ₹6,500 zones where uptrend validation occurs. Overall neutral-bullish bias favors upside continuation post-results catalyst. Q3FY26 Results Preview: Consensus anticipates Q3 revenue ₹6,477 crore growing 12% alongside ₹1,050 crore EBITDA at 16% margins and ₹750 crore PAT. Earnings conference call commences 4 PM January 16 featuring 60-minute management discussion plus Q&A session. Infrastructure acceleration supports wires demand while festive FMEG seasonality provides tailwind; copper pricing volatility represents primary risk. Beat scenario triggers ₹8,000+ rally while inline execution maintains ₹7,800 consolidation.