Polycab Shares Dip After Major Block Deal; Promoter Group Seen as Seller | Stock Market Today

Market Performance

Polycab India shares opened the trading session on September 25 with slight losses following a significant block deal. During the morning session, the stock hit an intraday low of ₹7,431, before recovering marginally to trade around ₹7,510 by 10:10 am.

• Over the past month, Polycab shares have gained 6%, while in the last six months, the stock has surged nearly 46%.
  
  
• Year-to-date (2025) performance shows a modest rise of 2%.
  
  

The dip comes amid a large block transaction that shook early market sentiment, despite the stock’s strong medium-term performance.

Main News: Large Block Deal Triggers Polycab Share Movement

Shares of Polycab India, the leading wires and cables manufacturer, saw a minor fall after a large block deal came through. The transaction reportedly involved 21.9 lakh shares, representing 1.5% of the company’s equity, significantly higher than earlier reports.

• Initial reports had pegged the proposed sale at around 0.8% of equity, expected to raise ₹887 crore.
  
  
• Bloomberg data revealed that the actual block size was nearly ₹1,695 crore, nearly double previous estimates.
  
  

The deal was executed at a floor price of ₹7,300 per share, which is at a 3% discount to the previous day’s closing price. Following the block sale, the promoter group has agreed to a 90-day lock-up period, preventing further share sales during that time.

Company Details: Promoter Holdings and Stake Distribution

Polycab’s latest shareholding pattern, as of June 30, 2025, indicates that promoters and the promoter group collectively hold nearly 63% of equity, with the remaining 37% held by the public.

Key promoter stakes include:

• Inder Jaisinghani (Managing Director) – largest individual stake
  
  
• Ajay Jaisinghani – ~10%
  
  
• Ramesh Jaisinghani – ~9%
  
  
• Girdhari Thakurdas Jaisinghani – ~8.5%
  
  

This concentrated promoter ownership highlights the family-led nature of the business while showing active participation in strategic equity decisions.

Polycab Share Price Snapshot

• Intraday low (Sep 25): ₹7,431
  
  
• Trading level as of 10:10 am: ₹7,510
  
  
• 1-month gain: 6%
  
  
• 6-month gain: 46%
  
  
• YTD 2025 performance: 2%
  
  

Despite the brief dip caused by the block deal, the stock has demonstrated strong momentum over the medium term.

Summary

Polycab India’s stock movement on September 25 reflects the impact of large promoter block deals on market sentiment. While the intraday dip captured attention, the company’s medium-term gains remain strong, underlining consistent investor interest in its wires and cables business.

The combination of promoter stake adjustments, lock-up commitments, and historical stock performance provides a clear picture of the market dynamics around Polycab shares.