NSE: POLYCAB · 22 October 2026
- Polycab India Limited shares moved lower during the session, trading down 1.28% to close at ₹7,671.00 compared to its previous close of ₹7,770.50. The stock opened at ₹7,759.50, touching a high of ₹7,558.00 and a low of ₹7,558.00 intraday.
- The company provided an update stating that the appeal in the matter of Asier Metals Private Limited versus Polycab India Limited was heard by the National Company Law Appellate Tribunal Principal Bench in New Delhi on October 15, 2026, and reserved for order.
- Trading volume was 0.65 times the 20-day average daily volume.
Why is Polycab India share price falling on 22 October 2026?
Polycab India Limited shares moved lower during the session, trading down 1.28% to close at ₹7,671.00 compared to its previous close of ₹7,770.50. The stock opened at ₹7,759.50, touching a high of ₹7,558.00 and a low of ₹7,558.00 intraday.
The broader market also experienced downward pressure, with the Nifty benchmark declining 0.88% during the session. Polycab's price action reflects a continuation of recent weakness, marked by a 7.97% drop over the trailing 5 trading days and an 8.13% decline over the trailing 20 trading days, extending its corrective phase from its 52-week high of ₹10,126.00.
Company disclosures from October 19, 2026, outlined an upcoming institutional investor meeting with JP Morgan Asset Management scheduled for October 23, 2026, while recent legal updates noted that an appeal before the National Company Law Appellate Tribunal regarding Asier Metals Private Limited was heard and reserved for order on October 15, 2026. These corporate updates provide ongoing context for institutional engagement and legal proceedings, though no single direct catalyst was officially linked to today's price movement.
3.36 lakh shares traded by 22 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 5.15 lakh shares (0.65 times). The five-day average daily volume was 6.40 lakh shares. Separately, the NSE report for 22 October 2026 showed 1.77 lakh shares delivered, representing 52.72% of that day’s traded volume. The same report recorded 50,006 trades.
The stock drifted lower by 1.28% in subdued trading volumes, extending a broader 5-day and 20-day correction without any single confirmed company-specific catalyst triggering today's pullback.
Latest Company Developments
The company provided an update stating that the appeal in the matter of Asier Metals Private Limited versus Polycab India Limited was heard by the National Company Law Appellate Tribunal Principal Bench in New Delhi on October 15, 2026, and reserved for order.
It keeps stakeholders informed about the status of ongoing NCLAT legal proceedings.
Polycab released its unaudited standalone and consolidated financial statements for the quarter ended September 30, 2026, reporting consolidated revenue of ₹98,989 million, up 53% year-on-year, alongside an EBITDA of ₹14,225 million and net profit of ₹9,900 million.
These record financial figures demonstrate robust operating performance across both wires and cables and FMEG segments.
Unaudited Interim Condensed (Standalone and Consolidated) Financial Statements for the quarter ended September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 5.21% on 30 September 2026. This compares with 4.77% on 30 June 2026, a change of +0.44 percentage points.
The filing reported 39 MF/UTI holders.
Research & Brokerage Views
Jefferies maintained a positive view on the stock, recommending investors to buy the fall while outlining upside potential.
HSBC raised its target price to ₹9,500 following a robust financial show in previous quarters.
What to Watch Next
- Outcome of the NCLAT order regarding Asier Metals Private Limited
- Discussions and takeaways from the scheduled JP Morgan Asset Management investor meeting
- Sustained delivery percentage and cash volume trends around the ₹7,500 support level
- Execution progress under Project Spring initiatives across wires, cables, and FMEG segments
Other Dated Coverage
- Polycab India Share Price Today: Why POLYCAB Is Falling 2.12% | 21 October 2026 — 21 October 2026
- Polycab India Share Price Today: Why POLYCAB Is Falling 2.66% | 19 October 2026 — 19 October 2026
- Polycab India in Focus After Reporting Record Q2 FY27 Financial Results | 16 October 2026 — 16 October 2026
More Polycab India news and dated analysis →
Frequently Asked Questions
What is the latest Polycab India company news?
The company provided an update stating that the appeal in the matter of Asier Metals Private Limited versus Polycab India Limited was heard by the National Company Law Appellate Tribunal Principal Bench in New Delhi on October 15, 2026, and reserved for order.
How strong was Polycab India’s trading volume?
3.36 lakh shares traded, 0.65 times the 20-day average daily volume. The price and volume data are dated 22 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.