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Tata Steel Share Price Today on : Tata Steel share are down by -0.88%, Nifty down by -0.21% | Stock Market News
Source: Live Mint
Tata Steel Share Price Today on
On the technical front, the stock is trading above the 50,300 days SMA & lower than the 5,10,20,100 day SMA. The stock will have support at 50,300 days SMA & face resistance at 5,10,20,100 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 ₹161.78, ₹165.22, & ₹167.05, whereas it has key support levels at ₹156.51, ₹154.68, & ₹151.24.
Till 11 AM today, the volume traded on NSE & BSE for Tata Steel was -2.73% 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 currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of -4.55%
The median 1-year forecasted upside in this share is at 5.16% with a target price of ₹165.00.
The company has a 0.00% promoter holding, 10.88% MF holding, & 19.68% FII holding as per filings in the june quarter.
The MF holding has decreased from 11.20% in march to 10.88% 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 down -0.88% today to trade at ₹156.9 while its peers are mixed. Its peers such as JSW Steel, Jindal Steel & Power, Steel Authority Of India are falling today, but its peers Jindal Stainless are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.21% & -0.21% each respectively.
