Polycab India Block Deal: Promoters who probably sell a 0.8% interest worth RS 887 Crore on Thursday: report

Promoters of wires and cable company Polycab India are likely to load up to 0.81% interest in the company on Thursday via block offers. The floor price has probably been set at RS 7,300 per share, so that the dealer size is brought to RS 887.6 Crore. The floor price has probably been set at a discount of 3.1%, according to a CNBC-TV18 report.

In the meantime, NDTV profit reported that inder t. Jaisinghani, Ajay T. Jaisinghani, Ramesh T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Bharat Jaisinghani, Bharat Rameh Jaisinghani and Anilhariarani.

Polycab shares ended today at RS 7,529 on the NSE, fell with RS 91 or 1.19% during the closing price of Tuesday. It was the second consecutive loss after a new 52 weeks high of RS 7,714 that it struck on Monday.

Polycab shares have yielded 14% efficiency for a period of 1 year, while so far it has risen by more than 2% in 2025. The Multibagger shares 3-year returns are more than 190%.

The share is currently being traded above its 50-day and 200 days of simple advancing averages of RS 7,083 and RS 6.293, according to Trendlyne.

The share was traded with high volatility with a beta of 1 year of 1.1, trendlyne data revealed. The total turnover in the reported quarter was RS 5,986 Crore, which was a growth of 26%. Also read: Akzo Nobel India Block Deals: Promoter discharges RS 765 Crore Stake; Nippon, Goldman, Citi under buyers

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