Polycab India Share Price Today on : Polycab India share are up by 0.22%, Nifty up by 0.42%

Polycab India Share Price Today on : At 18 Oct 16:00 today, Polycab India shares are trading at price ₹7117.55, 0.22% up from the previous closing price. Sensex is trading at ₹81224.75, up by 0.27%. The stock has hit a high of ₹7169 and a low of ₹6611.4 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 ₹7323.33, ₹7525.67, & ₹7881.33, whereas it has key support levels at ₹6765.33, ₹6409.67, & ₹6207.33.

Till 4 PM today, the volume traded on NSE & BSE for Polycab India was 652.38% 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, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 24.07% .The current P/E of the stock is at 60.25 & P/B is at 12.46.

The median 1-year forecasted upside in this share is at 0.32% with a target price of ₹7140.00.

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 0.22% today to trade at ₹7117.55 while its peers are mixed. Its peers such as CG Power & Industrial Solutions, Hitachi Energy India, GE T&D India are falling today, but its peers ABB India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.42% & 0.27% each respectively.