Tata Steel Share Price Today on 07-11-2024: Tata Steel share price are down by -1.76%, Nifty down by -1.16%
Tata Steel Share Price Today on 07-11-2024: On the last trading day, Tata Steel opened at ₹156.4 and closed at ₹150.9. The stock reached a high of ₹156.8 and a low of ₹150.2 during the day.
Tata Steel Share Price Today on 07-11-2024: At 07 Nov 16:01 today, Tata Steel shares are trading at price ₹150.9, -1.76% down from the previous closing price. Sensex is trading at ₹79541.79, down by -1.04%. The stock has hit a high of ₹156.8 and a low of ₹150.2 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 :
| Days | Simple Moving Average |
|---|---|
| 5 | 148.86 |
| 10 | 148.78 |
| 20 | 152.93 |
| 50 | 154.81 |
| 100 | 160.05 |
| 300 | 157.09 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹155.13, ₹159.39, & ₹161.85, whereas it has key support levels at ₹148.41, ₹145.95, & ₹141.69.
Tata Steel Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Tata Steel was -11.93% 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.
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 -4.55% & ROA of -1.75% respectively.The current P/E of the stock is at 65.28 & P/B is at 2.13.
The median 1-year forecasted upside in this share is at 10.67% with a target price of ₹167.00.
The company has a 0.00% promoter holding, 10.63% MF holding, & 19.25% FII holding as per filings in the september quarter.
The MF holding has decreased from 10.88% in june to 10.63% in the september quarter.
The FII holding has decreased from 19.68% in june to 19.25% in the september quarter.
Tata Steel share price down -1.76% today to trade at ₹150.9 while its peers are mixed. Its peers such as JSW Steel, Jindal Steel & Power, Lloyds Metals & 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.
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