Shares of Polycab India hit their record high amid a rally in the broader market on Friday. The multibagger wire stock reached a record high of Rs 7,788 in the current session. It rose 2% intra day to Rs 7788 in the afternoon session. Market cap of the firm stood at Rs 1.16 lakh crore. Advertisement

Total 9075 shares of the firm changed hands amounting to a turnover of Rs 7.02 crore on BSE.

The multibagger stock has gained 195% in three years and risen 851% in five years.

Polycab India has a one-year beta of 1.1, indicating high volatility during the period. In terms of technicals, Polycab India shares are trading higher than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day and 200 day moving averages. The FMEG stock is neither overbought nor oversold on charts, indicates its RSI a

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