Polycab Shares Rise After Promoter Sell-Off

  Published 9 months ago

Polycab India shares rose 1% after promoters sold a 1.55% stake, despite strong Q1 profit growth.

  • Promoters, including Jaisinghani, sold offloaded 23.32 lakh shares for roughly ₹1,740 crore on NSE in transactions
  • Buyers included JP Morgan, Morgan Stanley, Societe Generale, several insurers, mutual funds, and hedge fund Viridian participants
  • Q1 FY26 net profit jumped 49% to ₹592 crore; revenue rose 26% to ₹5,986 crore

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