Polycab share price

2022 - 12 - 13

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Image courtesy of "Business Today"

Polycab India stock jumps 4%; analysts see it at Rs 3200 (Business Today)

Polycab India share price: A total of 57000 shares changed hands today, amounting to a turnover of Rs 16.77 crore. At this price, the market capitalisation ...

[Cristiano Ronaldo's Portugal out of World Cup 2022. TRENDING A R Ramachandran from Tips2trades, said, "Polycab India could just breach Rs 3,000 levels soon. As far as levels are concerned, Rs 3,000-3,200 could be seen as the next pitstop for the counter in a comparable period." On the flip side, looking at the recent price action, the stock has the potential to continue its northward journey in uncharted territory. On the technical front, the support has shifted upwards near the Rs 2,800-odd zone, followed by a strong demand zone of Rs 2,700-2,680. On a year-to-date (YTD) basis, it has gained 19.59 per cent. At this price, the market capitalisation (m-cap) of the company stood at Rs 44,067.03 crore. It moved 6.11 per cent higher to hit an intraday high -- also its 52-week high -- of Rs 2,990.90. Rs 2,500-2,510 levels can be used to buy for long-term targets of Rs 3,250-3,310." Analyst- Technical & Derivative Research, Angel One, said, "Polycab is in a secular uptrend and is hovering well above all its major exponential moving averages at lifetime-high levels. Shares of Polycab India rose sharply on Tuesday to hit a one-year high level of Rs 2,990.90.

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Image courtesy of "Simply Wall St"

Polycab India Limited's (NSE:POLYCAB) CEO Inder Jaisinghani is ... (Simply Wall St)

If you want to know who really controls Polycab India Limited ( NSE:POLYCAB ), then you'll have to look at the makeup...

This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Private companies may also have a strategic interest in the company. Given it has a market cap of ₹440b, that means insiders have a whopping ₹310b worth of shares in their own names. This article by Simply Wall St is general in nature. [NSE:POLYCAB](https://simplywall.st/stocks/in/capital-goods/nse-polycab/polycab-india-shares)), then you'll have to look at the makeup of its share registry. Our most recent data indicates that insiders own the majority of Polycab India Limited. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. This can indicate that the company has a certain degree of credibility in the investment community. Management ultimately answers to the board. For context, the second largest shareholder holds about 14% of the shares outstanding, followed by an ownership of 12% by the third-largest shareholder. And the group that holds the biggest piece of the pie are individual insiders with 70% ownership. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

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