Polycab India Share Price Today on 07-11-2024: Polycab India share price are down by -1.02%, Nifty down by -1.16%
Polycab India Share Price Today on 07-11-2024: On the last trading day, Polycab India opened at ₹6998.95 and closed at ₹6815.15. The stock reached a high of ₹6998.95 and a low of ₹6800.10 during the day.
Polycab India Share Price Today on 07-11-2024: At 07 Nov 16:00 today, Polycab India shares are trading at price ₹6815.15, -1.02% down from the previous closing price. Sensex is trading at ₹79541.79, down by -1.04%. The stock has hit a high of ₹6998.95 and a low of ₹6800.1 during the day.
On the technical front, the stock is trading above the 5,10,100,300 days SMA & lower than the 20,50 day SMA. The stock will have support at 5,10,100,300 days SMA & face resistance at 20,50 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 6458.28 |
| 10 | 6493.30 |
| 20 | 6886.26 |
| 50 | 6836.92 |
| 100 | 6770.29 |
| 300 | 5997.43 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹6909.32, ₹7003.28, & ₹7056.57, whereas it has key support levels at ₹6762.07, ₹6708.78, & ₹6614.82.
Polycab India Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Polycab India was -4.34% lower 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 57.82 & P/B is at 12.05.
The median 1-year forecasted upside in this share is at 9.61% 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 down -1.02% today to trade at ₹6815.15 while its peers are mixed. Its peers such as ABB India, Hitachi Energy India are falling today, but its peers CG Power & Industrial Solutions, Ge Vernova T&d India are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.16% & -1.04% each respectively.
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