Tata Motors share price today
Technically, the stock is trading below the short-term simple moving averages of 5, 10, and 20 days, as well as the longer-term moving averages of 50, 100, and 300 days.
The SMA values for the stock are given below:
The classic pivot level analysis shows that the stock has important resistances on a daily time frame ₹843.75, ₹853.4, & ₹859.25, while it has major support levels at ₹828.25, ₹822.4, & ₹812.75.
Till 11am today, the trading volume on NSE & BSE for Tata Motors was 77.93% higher than the previous trading session. The traded volume, together with the price, is an important indicator for studying trends. A positive price movement on higher volume indicates a sustained upward movement, and a negative price movement on higher volume may indicate a further price decline.
According to Mint’s technical analysis, the stock is currently experiencing a strong downward trend.
From a fundamental analysis perspective, the company has an ROE of 48.22%
The average forecast upside for this stock over a one-year period is 39.84% with a price target of ₹1147.00.
The company has a promoter stake of 0.00%, MF stake of 4.76% and FII stake of 20.54% as per September quarter filings.
The MF stake has increased from 4.52% in June to 4.76% in the September quarter.
FII stake has increased from 18.12% in June to 20.54% in the September quarter.
Tata Motors share price fell 2.77% to trade today ₹820.2 while its peers are mixed. Its peers like Maruti Suzuki India, Ashok Leyland, Jupiter Wagons and Force Motors are declining today, but their peers are on the rise. Overall, the benchmark indices Nifty and Sensex have fallen -1.57% and -1.59% each, respectively.
