Tata Steel Share Price Update: On the last trading day, Tata Steel opened at ₹155.55 and closed at ₹154.50. Throughout the day, the stock hit a high of ₹156.30 and a low of ₹153.50.
Tata Steel Share Price Update (October 17, 11:15 AM): Tata Steel shares are currently trading at ₹154.50, down 0.48% from the previous closing price. The Sensex is at ₹81,079.39, experiencing a decline of 0.52%. During the day, the stock has reached a high of ₹156.30 and a low of ₹153.50.
From a technical perspective, Tata Steel is trading below its short-term simple moving averages (SMA) for the 5, 10, and 20-day periods, as well as the longer-term SMAs for 50, 100, and 300 days.
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 158.66 |
| 10 | 161.79 |
| 20 | 159.98 |
| 50 | 155.12 |
| 100 | 163.20 |
| 300 | 156.18 |
Tata Steel Share Price Update: Strong Downtrend Amid Low Trading Volume
As of 11 AM today, Tata Steel’s trading volume on both NSE and BSE has dropped by 45.36% compared to the previous session. Volume is a crucial indicator for analyzing trends, with positive price movement accompanied by higher volume often signaling a sustainable uptrend, while negative movement with increased volume may indicate a further decline.
Currently, Tata Steel is in a significant downtrend, with its share price falling by 0.48% to trade at ₹154.50. From a fundamental analysis standpoint, the company has a return on equity (ROE) of -4.55%.
In terms of holdings, Tata Steel reports 0.00% promoter holding, 10.88% mutual fund holding, and 19.68% foreign institutional investor (FII) holding, according to quarterly filings. Notably, FII holding has increased from 19.61% to 19.68% this quarter.
While Tata Steel’s peers, such as JSW Steel, Jindal Steel & Power, Jindal Stainless, and Steel Authority of India, are experiencing mixed results today, benchmark indices Nifty and Sensex are both down, by 0.58% and 0.52%, respectively.
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