As of today, September 12, 11:02, the price of Tata Motors shares is ₹969.8, which is a 0.64% decrease from the previous closing price. At ₹81742.03, the Sensex has increased by 0.27%. During the day, the stock reached a high of ₹982.95 and a low of ₹958.
Technically speaking, the stock is trading below the 5, 10, 20, 50, and 100 day SMAs and above the 300 day SMA. The stock will encounter resistance at 5, 10, 20, 50, and 100 days SMA and support at 300 days SMA.
The stock has significant resistances at ₹1001.17, ₹1026.58, & ₹1041.17 on a daily time frame, according to the conventional pivot level analysis, while critical support levels are at ₹961.17, ₹946.58, & ₹921.17.
The volume of Tata Motors traded on the NSE and BSE today up to 11 AM was 237.06% more than it was during the previous trading session. In addition to price, volume traded is a crucial indication for researching trends. Higher volume and positive price movement indicate a potentially long-lasting uptrend, while higher volume and negative price movement could point to an impending price collapse.
Overall, the stock’s persistent decline indicates a bearish trend may be in motion, according to Mint technical analysis.
Based on a fundamental study, the company’s return on equity (ROE) stands at 48.22%.The stock’s P/E ratio is at 8.41.
The target price of this share is ₹1180.75862069, and the median 1-year predicted upside is 21.75%.
According to records from the September quarter, the company has a 41.86% promoter stake, a 4.52% MF holding, and an 18.12% FII holding.
From 5.16% in June to 4.52% in the September quarter, the MF holding has dropped.
While its rivals remain divided, the price of Tata Motors’ shares decreased by 0.64% today to trade at ₹969.8. While its competitors, Ashok Leyland and Jupiter Wagons, are rising, its rivals, Maruti Suzuki India and Force Motors, are currently declining. The benchmark Nifty and Sensex indices have increased by 0.34% and 0.27%, respectively, overall.
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