Friday, November 22, 2024

Itc share are up by 0.44%, Nifty down by -0.06%

Must read


Itc Share Price Today on : At 27 Sep 14:00 today, Itc shares are trading at price 525, 0.44% up from the previous closing price. Sensex is trading at 85699.04, down by -0.16%. The stock has hit a high of 528.55 and a low of 520.7 during the day.

On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.

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 525.1, 527.8, & 531.85, whereas it has key support levels at 518.35, 514.3, & 511.6.

Till 2 PM today, the volume traded on NSE & BSE for Itc was 19.51% 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 is currently experiencing a strong bullish trend.

From a fundamental analysis perspective, the company has a ROE of 28.48% .The current P/E of the stock is at 31.98 .

The median 1-year forecasted upside in this share is at 2.62% with a target price of 538.77.

The company has a 0.00% promoter holding, 20.10% MF holding, & 14.96% FII holding as per filings in the june quarter.

The MF holding has decreased from 20.15% in march to 20.10% in the june quarter.

The FII holding has decreased from 15.44% in march to 14.96% in the june quarter.

Itc share price up 0.44% today to trade at 525 while its peers are mixed. Its peers such as Godfrey Phillips India, VST Industries, NTC Industries are falling today, but its peers Golden Tobacco are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.06% & -0.16% each respectively.





Source link

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article