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Tata Steel Share Price Today: Key Insights and Market Analysis
Tata Steel’s share price experienced a significant drop today, closing at ₹164.2, down by 5.74% from yesterday’s ₹174.2. This blog delves into the key aspects of Tata Steel’s share performance, including live updates, financial metrics, and market trends.
Opening and Closing Prices
On the previous trading day, opened at ₹174.85 and closed at the same price. Today, the stock reached a high of ₹176 and a low of ₹173.45. With a market capitalization of ₹217,463.12 crore, Tata Steel’s 52-week high stands at ₹178 and the low at ₹105.65. The trading volume on the BSE was 1,427,273 shares.
Shareholding Information
As per the latest filings, Tata Steel has a mutual fund (MF) holding of 11.20% and a foreign institutional investor (FII) holding of 19.61%. Both holdings have increased from the December quarter, where MF holding was 11.05% and FII holding was 19.37%.
Return Metrics and Efficiency
Tata Steel’s return on equity (ROE) for the last fiscal year was 8.05%, while the return on investment (ROI) was 4.24%. Analysts predict the ROE will be around 4.71% this fiscal year, increasing to 12.15% next year.
Financial Performance
In the past three years, Tata Steel has shown an EPS growth of 82.21% and a revenue growth of 17.77%. However, in the trailing twelve months, the revenue was ₹2334450.00 crore, a 4.07% decrease from the most recent fiscal year. Predictions indicate a 6.10% decline in revenue and a 31.62% drop in profit for the fourth quarter.
Analyst Ratings and Price Targets
The consensus analyst rating for Tata Steel is “Hold.” The median price target is ₹142.5, which is 13.22% lower than the current market price. The lowest target price among analysts is ₹115.0, while the highest is ₹200.0.
Industry Peers and Market Indices
Tata Steel’s share price decrease of 5.74% is in line with industry counterparts such as JSW Steel, Jindal Steel & Power, Steel Authority of India, and Jindal Stainless, which also experienced declines. The benchmark indices Nifty and Sensex are down by 0.95% and 0.83%, respectively.
Today’s Price Range and Volume
Today, Tata Steel’s stock ranged from a low of ₹163.4 to a high of ₹172.9. The futures trading saw a decrease of 5.47%, with an 11.69% increase in open interest, indicating potential negative price movement. The volume traded until 3 PM was 199.32% higher than yesterday, suggesting significant selling pressure.
Technical Analysis: Support and Resistance Levels
Tata Steel’s key resistance levels to watch are ₹169.43, ₹174.87, and ₹177.73. Key support levels are ₹161.13, ₹158.27, and ₹152.83. The volume traded until 2 PM was 185.84% higher than yesterday, with the price at ₹164.75, down by 5.42%.
Go Digit Share Price Makes a Lukewarm Debut
Conclusion
Tata Steel’s share price closed at ₹164.2, a 5.74% decline from the previous day. With significant changes in trading volume and price, investors should closely monitor the stock’s performance. Keep an eye on the support and resistance levels for potential trading opportunities and stay updated with live market trends.
