Itc share are up by 1.24%, Nifty down by -0.79%

Itc Share Price Today on : At 07 Oct 15:00 today, Itc shares are trading at price ₹509.7, 1.24% up from the previous closing price. Sensex is trading at ₹81099.31, down by -0.72%. The stock has hit a high of ₹514.8 and a low of ₹507 during the day.

On the technical front, the stock is trading above the 50,100,300 days SMA & lower than the 5,10,20 day SMA. The stock will have support at 50,100,300 days SMA & face resistance at 5,10,20 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 ₹513.35, ₹523.25, & ₹529.15, whereas it has key support levels at ₹497.55, ₹491.65, & ₹481.75.

Till 3 PM today, the volume traded on NSE & BSE for Itc was 88.65% 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, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 28.48% .The current P/E of the stock is at 30.80 .

The median 1-year forecasted upside in this share is at 6.14% with a target price of ₹541.00.

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 has gained 1.24% today, currently at ₹509.7, while its peers such as are in the red. Overall, benchmark indices Nifty & Sensex are down -0.79% & -0.72% each respectively.