Polycab PAT trebles, share zooms 4 per cent; volumes hits the roof!
Polycab PAT trebles, share zooms 4 per cent; volumes hits the roof!

Polycab PAT trebles, share zooms 4 per cent; volumes hits the roof!

PAT margin improved to 8.1 per cent. 

Karan Dsij Article rating: 4.3

The stock also witnessed a triangular consolidation pattern of 27 trading sessions and has been trading above its 20-DMA. Moreover, the 20-DMA is on a rising trajectory. The daily 14-period RSI is seen rebounding after forming a base at the nine-period average thereby, supporting the positive bias.

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