Polycab India shares drop 3% following Rs 590 crore block deal.

Market Update: Polycab India Share Price Movement **Polycab India** shares declined nearly **3%** during intraday trading following a significant block deal valued at approximately **Rs 590 crore**. The transaction involved the exchange of **7.98 lakh shares** at a price point reflective of recent market volatility. Market reports indicate that a prominent **domestic mutual fund** acted as the primary seller in this liquidity event. This divestment comes as the stock continues to exhibit **mixed performance** metrics across short- and medium-term timeframes. Despite the immediate downward pressure triggered by the block deal, the stock remains under observation as investors assess the impact of institutional selling on long-term valuation.