Polycab shares slip 3% on ₹590Cr block deal stake sale

Polycab shares slip 3% after likely Rs 590 cr block deal, domestic mutual fund reportedly sells stake. A domestic mutual fund has offloaded its stake in Polycab through a block deal valued at approximately ₹590 crore, triggering a 3% decline in share price. The stake sale signals reduced MF conviction in the wire and cable manufacturer. Traders should monitor further selling pressure and support levels.

📊 STOCKS: $POLYCAB | 🏢 SECTOR: Corporate | #MEDIUMIMPACT #StakeSale