Polycab – Wiring India’s Growth with Strong Demand, Strong Execution, and Strong Leadership.

Technical analysis The attached daily chart shows

Polycab trading around ₹8,337 after a strong recovery from the ₹7,100–₹7,200 zone, with price holding above the major moving averages and trend support still intact. The stock is not in a weak setup; it is in a strong trend with higher highs and higher lows, but the recent candle behavior also suggests the stock may be pausing near resistance after a sharp run-up. Immediate support is visible around ₹8,000–₹8,050, while stronger support sits near ₹7,750–₹7,800 if the stock sees deeper profit booking. On the upside, a move above ₹8,400–₹8,450 can open the way for a fresh breakout, while failure to hold support may lead to a short-term consolidation phase. Momentum indicators remain positive, but the stock is no longer cheap on the chart, which means new buying should ideally happen on either a clean breakout or a controlled pullback. For traders, Polycab remains a leadership stock, but trend continuation needs confirmation after results. Result outlook Polycab’s Q4 FY26 result is scheduled for 6 May 2026, and the market will focus on revenue growth, PAT, margin trend, and management commentary. According to recent public data, Polycab delivered record FY25 revenue above ₹22,000 crore and PAT above ₹2,000 crore, while Q3 FY26 already showed strong performance with wires and cables revenue growth of 53% year-on-year. For the result, the key question is whether the company can maintain margin strength while continuing growth in domestic demand. A strong result and positive guidance can push the stock toward a fresh breakout, but if the earnings or commentary disappoint, the stock may go into correction because expectations are already high. The market will also watch working capital, inventory, and channel demand because these are important for a business like Polycab. In a quality stock, guidance matters almost as much as the reported numbers.