Polycab India Share Price Today on : Polycab India share are down by -4.1%, Nifty down by -0.34%

Polycab India Share Price Today on : At 16 Oct 16:00 today, Polycab India shares are trading at price ₹7182.4, -4.1% down from the previous closing price. Sensex is trading at ₹81501.36, down by -0.39%. The stock has hit a high of ₹7500.2 and a low of ₹7161 during the day.

On the technical front, the stock is trading above the 20,50,100,300 days SMA & lower than the 5,10 day SMA. The stock will have support at 20,50,100,300 days SMA & face resistance at 5,10 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 ₹7412.27, ₹7644.53, & ₹7768.17, whereas it has key support levels at ₹7056.37, ₹6932.73, & ₹6700.47.

Till 4 PM today, the volume traded on NSE & BSE for Polycab India was 88.75% 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% .The current P/E of the stock is at 63.37 & P/B is at 13.11.

The median 1-year forecasted upside in this share is at 1.52% 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 down -4.1% today to trade at ₹7182.4 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 T&D India are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.34% & -0.39% each respectively.