Polycab is a large-cap cable-and-wires candidate tied to infrastructure, real-estate and electrification demand. The company reported Q3 FY26 revenue up 46% YoY with wires and cables as the main growth engine, and Q4 expectations remain framed around the same demand cycle. The stock closed above the 200-DMA with bullish MACD and acceptable RSI, making it cleaner than several overbought capex alternatives.

Prices

Entry: ₹7,966.00

Current: ₹8,175.50

P&L: +2.63%

Hold Plan

Target hold: 21 days

Held so far: 15 days

Review / exit: 14 May 2026

Review complete

Assumptions

A1: Wires and cables demand remains strong into the April 29 Q4 results setup.

A2: The stock holds above its 200-DMA despite broad-market volatility.

Lifecycle Timeline

Bought 23 Apr 2026

Accepted from analysis task analysis-2026-04-23-0830

Confirmed and held 28 Apr 2026

The stock remains above key long-term averages and the electrification thesis is intact. Momentum is constructive without appearing excessively stretched.

Flagged for a closer look 7 May 2026

At about Rs 9,003, the stock is up roughly 13% from entry after strong Q4 results, but RSI is above 70 and stochastic is near 96.

Back to normal 7 May 2026

At Rs 9,003 on May 7, Polycab is about 13% above entry after strong Q4 results, so hold but do not add into RSI above 70.

Sold 8 May 2026

Current price around Rs 9,003 is about 13% above the Rs 7,966 entry, while RSI near 75 and stochastic near 96 show overbought risk after the Q4 result spike.

Reviewed and closed 14 May 2026

Post-mortem postmortem-REC-20260423-07-POLYCAB-2026-05-14 completed on 2026-05-14T03:17:18Z.

Post-Mortem

correct

Exit correct

Review Return

Review price: ₹8,887.50

Full hold: +11.57%

Actual: +2.63%

Benchmarks

NIFTY 50: -3.15%

Excess: +14.71%

Sector excess: +17.17%

What If

Held full: +11.57%

Exited at WATCH: +13.02%

Thesis Analysis

Q4 FY26 confirmed strong wires-and-cables demand and the stock materially beat NIFTY and sector benchmarks over the hold window.

Exit Analysis

De-risking after the Q4 spike was sensible, but the recorded exit price was stale versus live closes around Rs 9,003-9,083.

Verified Assumptions

A1 Verified

Q4 FY26 revenue rose about 27%; wires and cables remained the main growth driver with FY26 segment growth around 30-33%.

A2 Verified

Latest available close was Rs 8,887.5 on May 13, still well above the derived 200-DMA near Rs 7,507.

Lessons

high sector_tailwind_catalyst_aware_exit_gate

Sector-tailwind winners need exit execution checks when prices gap after results; stale lifecycle prices can turn a strong realized outcome into a weak recorded one.

Corporate Events

No corporate events attached.