Polycab India Share Price Today on 13-11-2024: Polycab India share price are down by -2.75%, Nifty down by -1.36%
Polycab India Share Price Today on 13-11-2024: On the last trading day, Polycab India opened at ₹6489.4 and closed at ₹6328.1. The stock reached a high of ₹6489.4 and a low of ₹6275.85 during the day. Overall, the stock experienced a decline from its opening price to its closing price.
Polycab India Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Polycab India shares are trading at price ₹6328.1, -2.75% down from the previous closing price. Sensex is trading at ₹77690.95, down by -1.25%. The stock has hit a high of ₹6489.4 and a low of ₹6275.85 during the day.
On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 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 | 6047.32 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹6669.4, ₹6847.65, & ₹6939.3, whereas it has key support levels at ₹6399.5, ₹6307.85, & ₹6129.6.
Polycab India Share Price Today
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 54.62 & P/B is at 11.38.
The median 1-year forecasted upside in this share is at 18.04% 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 -2.75% today to trade at ₹6328.1 while its peers are mixed. Its peers such as ABB India, CG Power & Industrial Solutions, Hitachi Energy India, Ge Vernova T&d India are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.36% & -1.25% each respectively.
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