Power Grid shares fell by -0.52%
Business: Power Grid Share Price Today: 18 September. At 2:01 pm, Power Grid shares are trading at £334.9, down -0.52% from its previous close. Sensex is trading at Rs 82,899.05, down -0.22%. The stock touched a high of Rs 338.85 and a low of Rs 334.35 during the day.
Technically, the stock is trading above its 10,100,300-day SMA and below its 5,20,50-day SMA. The stock finds support at 10,100,300-day SMA and faces resistance at 5,20,50-day SMA. The SMA value of the stock is shown below:
Simple Daily Moving Average
5,336.06
10,333.69
20 335.02
50,339.49
100,326.84
300,291.53
Classic reversal level analysis shows that the major resistance levels of the stock are Rs 339.8, Rs 342.65 and Rs 345.3 and the major support levels on the daily time frame Rs 0.8 are Rs 334.3, Rs 331.65 and Rs 328.
As of 2:00 pm today, Power Grid trading volume on NSE and BSE was -43.39% lower than the previous trading session. Apart from price, an important indicator to study a trend is trading volume. Positive price movement on high volume indicates continuation of bullish trend, while negative price movement on high volume may indicate further price decline.
Overall, the stock is currently in a strong bullish momentum, as per Mint’s technical analysis.
From a fundamental perspective, the company’s ROE is 18.30%. The current P/E ratio of the stock is 19.96.
The stock has a predicted 1-year average growth of 5.01% with a target price of £318.11.
As per June quarter filings, the company has 51.34% promoter stake, 3.71% MF stake and 28.73% FII stake.
