Polycab India Share Price Today on : Polycab India share are up by 0.13%, Nifty down by -0.28%

Polycab India Share Price Today on : At 15 Oct 16:01 today, Polycab India shares are trading at price ₹7489.85, 0.13% up from the previous closing price. Sensex is trading at ₹81820.12, down by -0.19%. The stock has hit a high of ₹7607.15 and a low of ₹7393.15 during the day.

On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.

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 ₹7601.0, ₹7708.75, & ₹7812.5, whereas it has key support levels at ₹7389.5, ₹7285.75, & ₹7178.0.

Till 4 PM today, the volume traded on NSE & BSE for Polycab India was -19.50% 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% .The current P/E of the stock is at 63.32 & P/B is at 13.10.

The median 1-year forecasted upside in this share is at 5.57% with a target price of ₹7073.00.

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 0.13% today to trade at ₹7489.85 while its peers are mixed. Its peers such as CG Power & Industrial Solutions are falling today, but its peers ABB India, Hitachi Energy India, GE T&D India are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.28% & -0.19% each respectively.