Indigo Paints shares decline as Nifty rises on November 29

Indigo Paints shares fell by 1.04% today, trading at ₹1415.90. The stock opened at ₹1435.05 and reached a high of ₹1442 before closing lower. This decline contrasts with the overall market, where Nifty and Sensex are up. Trading volume for Indigo Paints is down by 27.67% compared to the previous session. The stock is currently below its short and long-term moving averages, indicating a bearish trend. Key support levels are at ₹1417.03, while resistance is at ₹1458.33. In terms of ownership, mutual fund and foreign institutional investor holdings have increased recently. The company's return on equity is 17.56%, and the price-to-earnings ratio stands at 48.85.