Polycab India Share Price Today on : At 18 Oct 11:28 today, Polycab India shares are trading at price ₹6927.5, -2.46% down from the previous closing price. Sensex is trading at ₹80842.05, down by -0.2%. The stock has hit a high of ₹6987.85 and a low of ₹6611.4 during the day.
On the technical front, the stock is trading above the 50,100,300 days SMA & lower than the 5,10,20 day SMA. The stock will have support at 50,100,300 days SMA & face resistance at 5,10,20 days SMA
The SMA values for the stock are given below :
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹7280.68, ₹7441.37, & ₹7574.93, whereas it has key support levels at ₹6986.43, ₹6852.87, & ₹6692.18.
Till 11 AM today, the volume traded on NSE & BSE for Polycab India was 1256.56% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock’s continued downtrend suggests a bearish trend is underway..
From a fundamental analysis perspective, the company has a ROE of 24.07% .The current P/E of the stock is at 60.25 & P/B is at 12.46.
The median 1-year forecasted upside in this share is at 3.07% with a target price of ₹7140.00.
The company has a 0.00% promoter holding, 0.99% MF holding, & 13.48% FII holding as per filings in the september quarter.
The MF holding has increased from 0.79% in june to 0.99% in the september quarter.
The FII holding has decreased from 13.62% in june to 13.48% in the september quarter.
Polycab India share price down -2.46% today to trade at ₹6927.5 while its peers are mixed. Its peers such as CG Power & Industrial Solutions, Hitachi Energy India, GE T&D India are falling today, but its peers ABB India are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.12% & -0.2% each respectively.
