Polycab India Share Price Today on 06-11-2024: Polycab India share price are up by 3.81%, Nifty up by 1.12%

Polycab India Share Price Today on 06-11-2024: At 06 Nov 16:01 today, Polycab India shares are trading at price ₹6885.3, 3.81% up from the previous closing price. Sensex is trading at ₹80378.13, up by 1.13%. The stock has hit a high of ₹6934.15 and a low of ₹6650 during the day.

On the technical front, the stock is trading above the 5,10,50,100,300 days SMA & lower than the 20 day SMA. The stock will have support at 5,10,50,100,300 days SMA & face resistance at 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 ₹6975.53, ₹7072.77, & ₹7210.53, whereas it has key support levels at ₹6740.53, ₹6602.77, & ₹6505.53.

Polycab India Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Polycab India was 162.61% 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 is currently experiencing a strong bullish trend.

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 55.71 & P/B is at 11.61.

The median 1-year forecasted upside in this share is at 8.49% 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 3.81% today to trade at ₹6885.3 while its peers are mixed. Its peers such as Ge Vernova T&d India are falling today, but its peers ABB India, CG Power & Industrial Solutions, Hitachi Energy India are on the rise. Overall, benchmark indices Nifty & Sensex are up 1.12% & 1.13% each respectively.