Steel Authority Of India Share Price Today on 28-11-2024: At 28 Nov 11:17 today, Steel Authority Of India shares are trading at price ₹116.3, 0% up from the previous closing price. Sensex is trading at ₹79480.91, down by -0.94%. The stock has hit a high of ₹117.35 and a low of ₹115.85 during the day.
On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at 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 ₹117.32, ₹118.48, & ₹119.87, whereas it has key support levels at ₹114.77, ₹113.38, & ₹112.22.
Till 11 AM today, the volume traded on NSE & BSE for Steel Authority Of India was -26.17% lower 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 19.02 & P/B is at 0.83.
The median 1-year forecasted upside in this share is at 4.56% with a target price of ₹111.00.
The company has a 0.00% promoter holding, 5.92% MF holding, & 2.82% FII holding as per filings in the september quarter.
The MF holding has decreased from 6.37% in june to 5.92% 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 up 0% today to trade at ₹116.3 while its peers are mixed. Its peers such as APL Apollo Tubes, Shyam Metalics & Energy are falling today, but its peers Jindal Stainless, Lloyds Metals & Energy are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.59% & -0.94% each respectively.
