Polycab India Share Price Today on 05-11-2024: Polycab India share price are up by 1.45%, Nifty up by 0.91%
Polycab India Share Price Today on 05-11-2024: On the last trading day, Polycab India opened at ₹6565 and closed at ₹6616. The stock reached a high of ₹6653.9 and a low of ₹6375 during the day.
Polycab India Share Price Today on 05-11-2024: At 05 Nov 16:00 today, Polycab India shares are trading at price ₹6616, 1.45% up from the previous closing price. Sensex is trading at ₹79476.63, up by 0.88%. The stock has hit a high of ₹6653.9 and a low of ₹6375 during the day.
On the technical front, the stock is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The stock will have support at 5,10,300 days SMA & face resistance at 20,50,100 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 6427.33 |
| 10 | 6527.28 |
| 20 | 6913.90 |
| 50 | 6842.16 |
| 100 | 6773.55 |
| 300 | 5986.07 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹6734.3, ₹6836.9, & ₹7018.35, whereas it has key support levels at ₹6450.25, ₹6268.8, & ₹6166.2.
Polycab India Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Polycab India was 103.16% 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% & ROA of 16.77% respectively.The current P/E of the stock is at 54.78 & P/B is at 11.41.
The median 1-year forecasted upside in this share is at 12.91% with a target price of ₹7470.00.
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 up 1.45% today to trade at ₹6616 while its peers are mixed. Its peers such as ABB India, CG Power & Industrial Solutions, Hitachi Energy India are falling today, but its peers Ge Vernova T&d India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.91% & 0.88% each respectively.
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