Polycab India Share Price Today on : Polycab India share are down by -2.78%, Nifty down by -0.32%

Polycab India Share Price Today on : At 21 Oct 14:00 today, Polycab India shares are trading at price ₹6919.8, -2.78% down from the previous closing price. Sensex is trading at ₹81393.63, up by 0.21%. The stock has hit a high of ₹7228.75 and a low of ₹6876.3 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 ₹7323.33, ₹7525.67, & ₹7881.33, whereas it has key support levels at ₹6765.33, ₹6409.67, & ₹6207.33.

Till 2 PM today, the volume traded on NSE & BSE for Polycab India was 149.87% 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 24.07% .The current P/E of the stock is at 59.80 & P/B is at 12.46.

The median 1-year forecasted upside in this share is at 4.82% with a target price of ₹7253.00.

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 down -2.78% today to trade at ₹6919.8 while its peers are mixed. Its peers such as ABB India, Hitachi Energy India, GE T&D India are falling today, but its peers CG Power & Industrial Solutions are on the rise. Overall, benchmark indices Nifty & Sensex are up -0.32% & 0.21% each respectively.