Power Grid share are down by -0.73%, Nifty down by -0.16%

Power Grid Share Price Today on : At 18 Sep 16:01 today, Power Grid shares are trading at price ₹334.2, -0.73% down from the previous closing price. Sensex is trading at ₹82948.23, down by -0.16%. The stock has hit a high of ₹338.85 and a low of ₹333.05 during the day.

On the technical front, the stock is trading above the 10,100,300 days SMA & lower than the 5,20,50 day SMA. The stock will have support at 10,100,300 days SMA & face resistance at 5,20,50 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 ₹337.73, ₹341.22, & ₹343.53, whereas it has key support levels at ₹331.93, ₹329.62, & ₹326.13.

Till 4 PM today, the volume traded on NSE & BSE for Power Grid was -46.35% lower 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 18.30% .The current P/E of the stock is at 19.96 .

The median 1-year forecasted upside in this share is at 4.82% with a target price of ₹318.11.

The company has a 51.34% promoter holding, 3.71% MF holding, & 28.73% FII holding as per filings in the june quarter.

The MF holding has increased from 3.57% in march to 3.71% in the june quarter.

The FII holding has decreased from 29.82% in march to 28.73% in the june quarter.

Power Grid share price down -0.73% today to trade at ₹334.2 while its peers are mixed. Its peers such as Rattan India Power, Orient Green Power Company are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.16% & -0.16% each respectively.