Polycab India Share Price Today on : Polycab India share are down by -2.57%, Nifty down by -0.15%

Polycab India Share Price Today on : At 24 Oct 16:01 today, Polycab India shares are trading at price ₹6501.2, -2.57% down from the previous closing price. Sensex is trading at ₹80065.16, down by -0.02%. The stock has hit a high of ₹6661.7 and a low of ₹6489.05 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 :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹6603.47, ₹6706.73, & ₹6763.47, whereas it has key support levels at ₹6443.47, ₹6386.73, & ₹6283.47.

Polycab India Share Price Today

From a fundamental analysis perspective, the company has a ROE of 24.07% .The current P/E of the stock is at 55.95 & P/B is at 11.66.

The median 1-year forecasted upside in this share is at 15.26% with a target price of ₹7493.00.

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 -2.57% today to trade at ₹6501.2 while its peers are mixed. Its peers such as ABB India, CG Power & Industrial Solutions, Hitachi Energy India, GE T&D India are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.15% & -0.02% each respectively.