Power Grid Share Price Today on 30-10-2024: At 30 Oct 11:32 today, Power Grid shares are trading at price ₹324.55, 1.22% up from the previous closing price. Sensex is trading at ₹80233.1, down by -0.17%. The stock has hit a high of ₹325.1 and a low of ₹316.9 during the day.
On the technical front, the stock is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The stock will have support at 5,10,300 days SMA & face resistance at 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 ₹323.45, ₹325.85, & ₹330.5, whereas it has key support levels at ₹316.4, ₹311.75, & ₹309.35.
Till 11 AM today, the volume traded on NSE & BSE for Power Grid was 15.97% 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’s continued downtrend suggests a bearish trend is underway..
From a fundamental analysis perspective, the company has a ROE of 18.30% & ROA of 6.42% respectively.The current P/E of the stock is at 19.00 .
The median 1-year forecasted upside in this share is at 1.06% with a target price of ₹328.00.
The company has a 0.00% promoter holding, 3.60% MF holding, & 28.26% FII holding as per filings in the september quarter.
The MF holding has decreased from 3.71% in june to 3.60% in the september quarter.
The FII holding has decreased from 28.73% in june to 28.26% in the september quarter.
Power Grid share price up 1.22% today to trade at ₹324.55 while its peers are mixed. Its peers such as NTPC are falling today, but its peers Adani Green Energy, Adani Power, Tata Power are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.15% & -0.17% each respectively.
