Polycab India Share Price Today on 11-11-2024: Polycab India share price are down by -0.09%, Nifty down by -0.03%
Polycab India Share Price Today on 11-11-2024: On the last trading day, Polycab India opened at ₹6700.05 and closed at ₹6708.70. The stock reached a high of ₹6795 and a low of ₹6630.05 during the day.
Polycab India Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Polycab India shares are trading at price ₹6708.7, -0.09% down from the previous closing price. Sensex is trading at ₹79496.15, up by 0.01%. The stock has hit a high of ₹6795 and a low of ₹6630.05 during the day.
On the technical front, the stock is trading above the 10,300 days SMA & lower than the 5,20,50,100 day SMA. The stock will have support at 10,300 days SMA & face resistance at 5,20,50,100 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 6713.93 |
| 10 | 6570.63 |
| 20 | 6760.71 |
| 50 | 6835.71 |
| 100 | 6762.35 |
| 300 | 6038.22 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹6790.62, ₹6880.83, & ₹6962.92, whereas it has key support levels at ₹6618.32, ₹6536.23, & ₹6446.02.
Polycab India Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Polycab India was -32.88% 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, Initial signs of a trend reversal are evident following the recent downtrend..
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 56.49 & P/B is at 11.77.
The median 1-year forecasted upside in this share is at 11.35% 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 -0.09% today to trade at ₹6708.7 while its peers are mixed. Its peers such as Hitachi Energy India are falling today, but its peers ABB India, CG Power & Industrial Solutions, Ge Vernova T&d India are on the rise. Overall, benchmark indices Nifty & Sensex are up -0.03% & 0.01% each respectively.
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