Polycab India Share Price Today on : Polycab India share are up by 0.34%, Nifty up by 0.95%

Polycab India Share Price Today on : At 28 Oct 11:32 today, Polycab India shares are trading at price ₹6483.5, 0.34% up from the previous closing price. Sensex is trading at ₹80248.7, up by 1.07%. The stock has hit a high of ₹6520 and a low of ₹6423.35 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 ₹6543.87, ₹6622.73, & ₹6703.67, whereas it has key support levels at ₹6384.07, ₹6303.13, & ₹6224.27.

Till 11 AM today, the volume traded on NSE & BSE for Polycab India was -3.97% 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’s continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 24.07% .The current P/E of the stock is at 54.22 & P/B is at 11.30.

The median 1-year forecasted upside in this share is at 15.57% 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 0.34% today to trade at ₹6483.5 while its peers are mixed. Its peers such as ABB India, CG Power & Industrial Solutions, GE T&D India are falling today, but its peers Hitachi Energy India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.95% & 1.07% each respectively.