Power Grid Share Price Today on 08-11-2024: Power Grid share price are up by 1.12%, Nifty down by -0.21%
Power Grid Share Price Today on 08-11-2024: On the last trading day, Power Grid's stock opened at ₹312.7 and closed at ₹316.4. The stock reached a high of ₹317.35 and a low of ₹308.7 during the day.
Power Grid Share Price Today on 08-11-2024: At 08 Nov 16:00 today, Power Grid shares are trading at price ₹316.4, 1.12% up from the previous closing price. Sensex is trading at ₹79486.32, down by -0.07%. The stock has hit a high of ₹317.35 and a low of ₹308.7 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 :
| Days | Simple Moving Average |
|---|---|
| 5 | 318.75 |
| 10 | 318.39 |
| 20 | 324.13 |
| 50 | 333.21 |
| 100 | 335.25 |
| 300 | 309.02 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹319.8, ₹323.1, & ₹328.65, whereas it has key support levels at ₹310.95, ₹305.4, & ₹302.1.
Power Grid Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Power Grid was 30.13% 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 18.30% & ROA of 6.42% respectively.The current P/E of the stock is at 18.52 & P/B is at 3.16.
The median 1-year forecasted upside in this share is at 3.67% with a target price of ₹328.00.
The company has a 0.00% promoter holding, 3.60% MF holding, & 28.26% FII holding as per filings in the september quarter.
The MF holding has decreased from 3.71% in june to 3.60% in the september quarter.
The FII holding has decreased from 28.73% in june to 28.26% in the september quarter.
Power Grid share price has gained 1.12% today, currently at ₹316.4, while its peers such as
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