Why is the polycab share price rising today?

The stock hit a fresh 52-week high at ₹8,539.5 and trades near ₹8,506, up about 1.9%. Brokerages have reiterated Buy, citing normalized inventory and margin recovery prospects into Q4 FY26. Stabilizing copper and aluminium costs and strong sector momentum in cable and wire stocks are also lifting sentiment and volumes.

What is the latest Polycab target price and implied upside?

Recent buy calls highlight a Polycab target price of ₹9,600. From ₹8,506, this implies roughly 12.9% upside if achieved. The gap reflects confidence in margin recovery, steady demand, and disciplined pricing. Investors should also weigh premium valuations and monitor Q4 FY26 commentary before sizing positions.

Is Polycab overvalued at current levels?

Valuation is premium with P/E 48.95, P/B 11.41, and EV/EBITDA near 32. Yet returns are strong (ROE ~25%) and leverage is low. If margins expand as guided, earnings can catch up. A balanced approach is to accumulate on pullbacks while monitoring spreads, order trends, and cash conversion.

Which levels and events should traders watch now?

Key resistance is around ₹8,540. Near support sits near ₹8,345, with deeper support at the 50-DMA ₹7,453 and 200-DMA ₹7,132. ATR of ₹195 helps set stops and position size. The 5 May 2026 results will be crucial for margin recovery Q4 updates and FY27 guidance.

Global Market Insights

POLYCAB.NS Stock Today: Buy Calls, Margin Rebound Lift Shares – February 27

ByDanny Kontos February 27, 2026February 27, 2026

The polycab share price is firm today, trading near record territory as buy calls and talk of margin recovery support sentiment. Shares of POLYCAB.NS last changed hands at ₹8,506, up about 1.9%, after hitting a new 52-week high at ₹8,539.5. Brokerages continue to highlight a ₹9,600 Polycab target price, while management signals normalized inventory and improving spreads into Q4 FY26 as copper and aluminium costs stabilize. With cable and wire stocks rallying, we review price action, valuations, margin drivers, technical levels, and near-term catalysts for India-focused investors.