At 13 Sep 11:19 today, Tata Steel shares are trading at price ₹153.8, 1.35% up from the previous closing price. Sensex is trading at ₹82928.57, down by -0.04%. The stock has hit a high of ₹155.4 and a low of ₹152.5 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 | 150.00 |
10 | 151.20 |
20 | 152.00 |
50 | 158.42 |
100 | 164.77 |
300 | 152.84 |
Till 11 AM today, the volume traded on NSE & BSE for Tata Steel was 68.71% 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.
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 has gained 1.35% today to trade at ₹153.8 in resonance with its peers. Its peers such as
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