By laksh5382 
Power Grid Share Price Today 12-11-2024: Today 12th November at 11:17, Power Grid share price is trading at 329.05, -0.21% lower than the previous closing price. Sensex is being traded Reached 79510.67 with a gain of 0.02%. The stock has reached an all-time high 332.95 and lower 328.15 in the day.
On the technical front, the stock is trading above 5,10,20,300 day SMA and below 50,100 day SMA. The stock will find support at 5,10,20,300 days SMA and face resistance at 50,100 days SMA.
The SMA values for the stock are given below:
Classic pivot level analysis shows that on the daily time frame, the stock holds key resistances 336.97, 344.48, and 356.57, while its major support level 317.37, 305.28, and 297.77.
Volume traded on NSE and BSE till 11 am today power grid It was down -26.23% compared to the previous trading session. Along with price, traded volume is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, according to Mint technical analysis, the stock is displaying strong signs of trend reversal after the decline.
From the fundamental analysis point of view, the company’s ROE is 18.30% and ROA is 6.42% respectively. The current P/E of the stock stands at 19.52 and P/B stands at 3.33.
The average 1-year expected growth of this stock is 1.20% and the target price is 333.00.
The company has 0.00% promoter holding, 3.60% MF holding and 28.26% FII holding, as per September quarter filing.
MF holding has declined from 3.71% in June to 3.60% in the September quarter.
FII stake has declined from 28.73% in June to 28.26% in the September quarter.
Power Grid’s share price is trading down -0.21% today 329.05 while its counterparts are mixed. Its peers like NTPC, Adani Green Energy, Adani Power, Tata Power are falling today, but its peers are rising. Overall, benchmark indices Nifty and Sensex are up 0.06% and 0.02% respectively.