Indigo Paints Share Price Today on 11-11-2024: Indigo Paints share price are down by -2.89%, Nifty down by -0.03%

Indigo Paints Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Indigo Paints shares are trading at price ₹1488.2, -2.89% down from the previous closing price. Sensex is trading at ₹79496.15, up by 0.01%. The stock has hit a high of ₹1526 and a low of ₹1482.35 during the day.

On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at 5,10,20,50 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 ₹1518.43, ₹1551.02, & ₹1569.68, whereas it has key support levels at ₹1467.18, ₹1448.52, & ₹1415.93.

Indigo Paints Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Indigo Paints was 104.50% 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, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 17.56% & ROA of 12.76% respectively.The current P/E of the stock is at 52.39 & P/B is at 7.79.

The median 1-year forecasted upside in this share is at 6.50% with a target price of ₹1585.00.

The company has a 0.00% promoter holding, 0.39% MF holding, & 12.31% FII holding as per filings in the september quarter.

The FII holding has increased from 8.28% in june to 12.31% in the september quarter.

Indigo Paints share price down -2.89% today to trade at ₹1488.2 while its peers are mixed. Its peers such as Gujarat State Fertilizers & Chemicals, Privi Speciality Chemicals, Laxmi Organic Industries are falling today, but its peers Anupam Rasayan India are on the rise. Overall, benchmark indices Nifty & Sensex are up -0.03% & 0.01% each respectively.