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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