Steel Authority Of India Share Price Today on 07-11-2024: At 07 Nov 16:01 today, Steel Authority Of India shares are trading at price ₹123.3, -0.44% down from the previous closing price. Sensex is trading at ₹79541.79, down by -1.04%. The stock has hit a high of ₹126.85 and a low of ₹122.6 during the day.
On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at 20,50,100,300 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 ₹125.9, ₹128.5, & ₹130.15, whereas it has key support levels at ₹121.65, ₹120.0, & ₹117.4.
Till 4 PM today, the volume traded on NSE & BSE for Steel Authority Of India was 21.44% 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 indicating a trend reversal after a strong downtrend..
From a fundamental analysis perspective, the company has a ROE of 5.48% & ROA of 2.26% respectively.The current P/E of the stock is at 17.44 .
The median 1-year forecasted upside in this share is at 5.92% with a target price of ₹116.00.
The company has a 0.00% promoter holding, 10.07% MF holding, & 2.82% FII holding as per filings in the september quarter.
The MF holding has increased from 9.15% in june to 10.07% in the september quarter.
The FII holding has decreased from 3.01% in june to 2.82% in the september quarter.
Steel Authority Of India share price down -0.44% today to trade at ₹123.3 while its peers are mixed. Its peers such as Lloyds Metals & Energy, APL Apollo Tubes, Shyam Metalics & Energy are falling today, but its peers Jindal Stainless are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.16% & -1.04% each respectively.
