Tata Motors share are down by -1.29%, Nifty down by -0.16%

Tata Motors Share Price Today on : At 18 Sep 16:00 today, Tata Motors shares are trading at price ₹962.4, -1.29% down from the previous closing price. Sensex is trading at ₹82948.23, down by -0.16%. The stock has hit a high of ₹984.2 and a low of ₹958.1 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 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 ₹976.53, ₹993.42, & ₹1002.63, whereas it has key support levels at ₹950.43, ₹941.22, & ₹924.33.

Till 4 PM today, the volume traded on NSE & BSE for Tata Motors was 46.88% 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's continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 48.22% .The current P/E of the stock is at 8.40 .

The median 1-year forecasted upside in this share is at 22.69% with a target price of ₹1180.76.

The company has a 41.86% promoter holding, 4.52% MF holding, & 18.12% FII holding as per filings in the september quarter.

The MF holding has decreased from 5.16% in june to 4.52% in the september quarter.

The FII holding has decreased from 18.18% in june to 18.12% in the september quarter.

Tata Motors share price down -1.29% today to trade at ₹962.4 while its peers are mixed. Its peers such as are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.16% & -0.16% each respectively.