Polycab India shares in focus as promoters likely set to offload Rs 887 crore equity via block deals

Shares of Polycab India are likely to remain in the spotlight on Thursday, September 25, as promoters plan to offload up to 0.81% stake in the company via block deals.

The floor price for the deal has reportedly been fixed at Rs 7,300 per share, a 3.1% discount to the last closing price, putting the deal size at around Rs 887.6 crore, as per a CNBC-TV18 report.

Meanwhile, according to NDTV Profit reports, multiple members of the promoter group — including Inder T. Jaisinghani, Ajay T. Jaisinghani, Ramesh T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Bharat Jaisinghani, Nikhil Ramesh Jaisinghani, and Anil Hariram Hariani — will participate in the stake sale.


The stock ended Wednesday at Rs 7,529, down Rs 91 or 1.19%, marking its second straight day of losses after hitting a fresh 52-week high of Rs 7,714 on Monday.

Despite the recent dip, Polycab shares have delivered solid returns — up 14% over the past year and gaining more than 2% so far in 2025. Over 3 years, the stock has more than tripled, returning over 190%.

The stock continues to trade above its key technical levels — the 50-day and 200-day simple moving averages of Rs 7,083 and Rs 6,293, respectively. However, it has shown high volatility, with a 1-year beta of 1.1, according to Trendlyne data.

Polycab India share price performance

The Polycab India stock has had a strong run over the past year, rising 13.14% in the last 12 months. So far in 2025 (YTD), it’s up by 2.60%, showing some steady gains. Over the last six months, the stock has jumped 50.04%, reflecting strong buying interest. Even in the past three months, it’s delivered an 18.76% return, while the one-month gain stands at a healthy 6.06%.

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