Power Grid Share Price Today on 24-09-2024: On the last trading day, Power Grid opened at ₹343.9 and closed at ₹349.5. The stock reached a high of ₹350.65 and a low of ₹342.35 during the session.
Power Grid Share Price Today on : At 24 Sep 13:00 today, Power Grid shares are trading at price ₹349.5, 2.48% up from the previous closing price. Sensex is trading at ₹84982.33, up by 0.06%. The stock has hit a high of ₹350.65 and a low of ₹342.35 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 :
| Days | Simple Moving Average |
|---|---|
| 5 | 337.49 |
| 10 | 335.06 |
| 20 | 334.74 |
| 50 | 339.45 |
| 100 | 328.27 |
| 300 | 293.41 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹342.52, ₹343.63, & ₹344.77, whereas it has key support levels at ₹340.27, ₹339.13, & ₹338.02.
Till 1 PM today, the volume traded on NSE & BSE for Power Grid was 107.24% 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 18.30% .The current P/E of the stock is at 20.22 .
The median 1-year forecasted upside in this share is at 8.98% with a target price of ₹318.11.
The company has a 51.34% promoter holding, 3.71% MF holding, & 28.73% FII holding as per filings in the june quarter.