Polycab India Ltd. Share Price

Polycab to exit F&O segment from December 30

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Polycab India Limited (

Polycab India falls 1.50%, snaps three-day gain run

Polycab India was down 1.50% at 8,185.5 at 2:50 pm on 8 October 2026 and stayed below its 200-day SMA of 8,398.3, with support at 7,883 and resistance at 8,463. Polycab India Limited [

Polycab’s MACD edges positive near ₹8,000 support

Polycab India Limited is showing an early improvement in momentum after its decline towards ₹8,000. MACD has edged above its signal line, while the latest daily candle has recovered from ₹8,062 to ₹8,147, leaving a lower shadow that shows buying below the opening price. The candle has a relatively small body, so it signals a tentative response rather than forceful buying. Its location near the recent lows makes follow-through important. Holding the ₹7,900–₹8,000 region and producing stronger closes would support a recovery attempt. MACD provides the more encouraging detail. The line at −196.81 is marginally above the signal at −200.34, producing a positive histogram of 3.53. This suggests that downward momentum is easing. Both lines remain below zero, however, and their narrow separation means the crossover still needs to strengthen. The moving averages identify the price hurdles. The 20-day average at ₹8,259.10 continues to fall below the declining 55-day average at ₹8,785.21. There is no clear sideways turn yet. A close above ₹8,260 would be the first improvement, followed by a break through September’s ₹8,400–₹8,500 consolidation. Polycab’s wires and cables business is linked to construction, electrification and industrial spending. Copper and aluminium prices can influence reported revenue, making sales volumes and margins useful checks on the underlying demand picture. The setup favours watching for a support-led rebound, with MACD offering an early clue. A sustained move above ₹8,500 would strengthen the recovery towards the 55-day average. Losing ₹7,900 would undermine the stabilisation attempt and bring the earlier ₹7,700–₹7,800 region into consideration.

Uncable manufactures power cables across LV, MV, HV and EHV

Cabinet approves ₹1.86 lakh crore Green Energy Corridor-III

The Union Cabinet has approved ₹1.86 lakh crore for Green Energy Corridor Phase III (GEC-III), aimed at strengthening India's renewable power transmission network and expanding battery storage infrastructure. The initiative has two major components: Intra-State Transmission Systems: ₹1,36,378 crore, accounting for 73.2% of the allocation, to improve grid capacity and renewable energy evacuation. Battery Energy Storage Systems (BESS): ₹50,000 crore for 50 GW of storage capacity, representing 26.8% of the allocation. The programme targets evacuation of 135 GW of renewable energy and supports India's transition towards a stronger, more flexible power grid. Why it matters The investment creates opportunities across the power infrastructure value chain, including transmission towers, conductors, transformers, cables, switchgear, substations, battery cells, energy management systems and project execution. Companies such as Power Grid Corporation, Siemens Energy India, ABB India, Hitachi Energy India, CG Power, KEI Industries, Polycab, Sterlite Technologies, Exide Industries and Amara Raja Energy & Mobility may attract market attention based on their exposure to relevant segments. However, actual benefits will depend on project awards, order execution and competitive positioning. Key risks to monitor Execution delays, land and right-of-way issues, state-level approvals, battery-cell import dependence, pricing pressure and working-capital requirements could affect project timelines and profitability. What to watch next Investors should track tender announcements, order inflows, project execution schedules, domestic battery manufacturing capacity and the extent to which companies convert this policy-driven opportunity into revenue and cash flow. Market view: Structurally positive for the power infrastructure ecosystem, with company-level benefits dependent on execution.

BSE Ltd. SHARES FALL AFTER NIFTY INCLUSION