Polycab India Share Price Today on 30-10-2024: Polycab India share price are up by 0.06%, Nifty down by -0.51%

Polycab India Share Price Today on 30-10-2024: At 30 Oct 16:01 today, Polycab India shares are trading at price ₹6393.75, 0.06% up from the previous closing price. Sensex is trading at ₹79942.18, down by -0.53%. The stock has hit a high of ₹6476.85 and a low of ₹6340 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 ₹6468.3, ₹6546.6, & ₹6613.25, whereas it has key support levels at ₹6323.35, ₹6256.7, & ₹6178.4.

Polycab India Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Polycab India was 5.93% 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'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 53.74 & P/B is at 11.20.

The median 1-year forecasted upside in this share is at 17.19% 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 up 0.06% today to trade at ₹6393.75 while its peers are mixed. Its peers such as ABB India, CG Power & Industrial Solutions, Hitachi Energy India are falling today, but its peers GE T&D India are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.51% & -0.53% each respectively.