At 16 Sep 11:13 today, Tata Steel shares are trading at price ₹154.25, 0.55% up from the previous closing price. Sensex is trading at ₹82936.13, up by 0.05%. The stock has hit a high of ₹155.55 and a low of ₹153.9 during the day.
On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 150.43 |
10 | 151.14 |
20 | 152.47 |
50 | 157.51 |
100 | 164.58 |
300 | 152.98 |
Till 11 AM today, the volume traded on NSE & BSE for Tata Steel was -21.93% 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.
From a fundamental analysis perspective, the company has a ROE of -4.55%
The company has a 33.19% promoter holding, 10.88% MF holding, & 19.68% FII holding as per filings in the june quarter.
The FII holding has increased from 19.61% in march to 19.68% in the june quarter.
Tata Steel share price up 0.55% today to trade at ₹154.25 while its peers are mixed. Its peers such as Jindal Steel & Power, Jindal Stainless are falling today, but its peers JSW Steel, Steel Authority Of India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.16% & 0.05% each respectively.
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