Indigo Paints Share Price Today on 12-11-2024: Indigo Paints share price are up by 0.13%, Nifty down by -1.07%
Indigo Paints Share Price Today on 12-11-2024: On the last trading day, Indigo Paints opened at ₹1480 and closed at ₹1489.3. The stock reached a high of ₹1510 and a low of ₹1480 during the session.
Indigo Paints Share Price Today on 12-11-2024: At 12 Nov 16:00 today, Indigo Paints shares are trading at price ₹1489.3, 0.13% up from the previous closing price. Sensex is trading at ₹78675.18, down by -1.03%. The stock has hit a high of ₹1510 and a low of ₹1480 during the day.
On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at 5,10,20,50 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 1614.58 |
| 10 | 1633.89 |
| 20 | 1611.39 |
| 50 | 1532.76 |
| 100 | 1486.99 |
| 300 | 1435.45 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1511.23, ₹1522.12, & ₹1534.23, whereas it has key support levels at ₹1488.23, ₹1476.12, & ₹1465.23.
Indigo Paints Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Indigo Paints was 47.89% 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, Following a strong uptrend, the stock is indicating signs of a reversal..
From a fundamental analysis perspective, the company has a ROE of 17.56% & ROA of 12.76% respectively.The current P/E of the stock is at 50.74 & P/B is at 7.55.
The median 1-year forecasted upside in this share is at 6.63% with a target price of ₹1588.00.
The company has a 0.00% promoter holding, 0.39% MF holding, & 12.31% FII holding as per filings in the september quarter.
The FII holding has increased from 8.28% in june to 12.31% in the september quarter.
Indigo Paints share price up 0.13% today to trade at ₹1489.3 while its peers are mixed. Its peers such as Laxmi Organic Industries, Dhanuka Agritech, Sudarshan Chemicals Industries are falling today, but its peers Sharda Cropchem are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.07% & -1.03% each respectively.
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