Why is the Polycab share price rising today?

The stock hit a record high after strong wires and cables momentum, positive brokerage notes, and firm sector sentiment. Management expects a solid Q4 with margin support from effective commodity pass-throughs. Together, these factors lifted buying interest and volumes, pushing price above prior 52-week highs despite a mixed broader market.

What are the latest Polycab target price estimates?

Motilal Oswal estimates about 18% upside with a target of ₹9,600, citing demand visibility and margin stability. Elara maintains Accumulate with a target of ₹8,180. These views reflect confidence in execution and the capex cycle, though valuations are premium, so entry discipline and risk controls remain important.

Is the rally supported by fundamentals?

Yes. Polycab shows ROE of 24.97%, low debt-to-equity of 0.02, and operating margin near 17%. Cash generation trends are healthy, and the core wires and cables segment benefits from housing, infra, and renewables capex. The main risk is the premium P/E around 48, which heightens sensitivity to quarterly delivery.

What should traders watch near term?

Track RSI and price relative to the upper Bollinger Band, given overbought readings. Key levels include ₹8,345 (intraday low), ₹7,440 (50-DMA), ₹7,122 (200-DMA), and resistance at ₹8,539.5. Use trailing stops under swing lows. Any change in demand commentary or commodity costs could shift momentum quickly.

Global Market Insights

POLYCAB.NS Stock Today: February 26 – Record High on 18% Upside Call

ByDanny Kontos February 26, 2026February 26, 2026

The polycab share price jumped to a fresh record today, with intraday high at ₹8,539.5 and last traded near ₹8,506, up 4.75%. Brokerages stayed positive: Motilal Oswal sees about 18% upside to ₹9,600, while Elara maintains Accumulate with ₹8,180. Management expects Q4 strength, led by wires and cables demand, capex-driven orders, and steady margins from commodity pass-through. For Indian investors, the setup blends strong momentum with premium valuations, making position sizing and entry points key as POLYCAB.NS extends gains.