That's itess business:Today 25th November at 11:28 pm, Indigo Paints�Indigo Paints�Shares of are trading at a price of ₹1487.15, which is -1.06% lower than the previous closing price. Sensex is trading at ₹80358.55, up 1.57%. The stock touched a high of ₹1524.95 and a low of ₹1483.65 during the day.
On the technical front, the stock is trading above 300 day SMA and below 5,10,20,50,100 day SMA. The stock will find support at 300 day SMA and face resistance at 5,10,20,50,100 day SMA. The SMA values for the stock are given below:
day simple moving average
5 1500.33
10 1514.92
20 1579.58
50 1535.85
100 1497.40
300 1436.53
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹1513.8, ₹1525.05, and ₹1532.55, while it has key support levels at ₹1495.05, ₹1487.55, and ₹1476.3.
Indigo Paints share price today
As of 11am today, the traded volume for Indigo Paints on NSE and BSE was down -38.26% compared to the previous trading session. Volume traded along with price 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, after a strong uptrend, the stock is showing signs of a reversal.
From the fundamental analysis point of view, the company's ROE is 17.56% and ROA is 12.76% respectively. The stock's current P/E stands at 51.31 and P/B at 7.63.
The average 1-year forecasted upside for this stock is 6.58%, with a target price of ₹1585.00. The company has 0.00% promoter holding, 14.89% MF holding and 12.31% FII holding, as per September quarter filing.
MF holding has increased from 0.31% in June to 14.89% in the September quarter.
FII holding has increased from 8.28% in June to 12.31% in the September quarter.
Indigo Paints share price is trading -1.06% lower at ₹1487.15 today, while its rivals are mixed. Its rivals such as Gujarat State Fertilizers and Chemicals, Sharda Cropchem, Privy Specialty Chemicals, Lakshmi Organic Industries are falling today, but their rivals are rising. Overall, benchmark indices Nifty and Sensex rose 1.78% and 1.57% respectively.
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