Tata Power share are up by 0.27%, Nifty down by -0.09% | Stock Market News

Tata Power Share Price Today on : At 01 Oct 11:17 today, Tata Power shares are trading at price ₹484, 0.27% up from the previous closing price. Sensex is trading at ₹84159.84, down by -0.17%. The stock has hit a high of ₹491.25 and a low of ₹483.5 during the day.

On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.

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 ₹490.45, ₹497.55, & ₹506.1, whereas it has key support levels at ₹474.8, ₹466.25, & ₹459.15.

Till 11 AM today, the volume traded on NSE & BSE for Tata Power was 58.58% 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 is currently experiencing a strong bullish trend.

From a fundamental analysis perspective, the company has a ROE of 12.09% .The current P/E of the stock is at 41.83 .

The median 1-year forecasted upside in this share is at 13.64% with a target price of ₹418.00.

The company has a 46.86% promoter holding, 7.90% MF holding, & 9.50% FII holding as per filings in the june quarter.

The MF holding has decreased from 9.61% in march to 7.90% in the june quarter.

The FII holding has increased from 9.44% in march to 9.50% in the june quarter.

Tata Power share price up 0.27% today to trade at ₹484 while its peers are mixed. Its peers such as Adani Green Energy, Adani Power, JSW Energy are falling today, but its peers Adani Energy Solutions are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.09% & -0.17% each respectively.