Tata Motors shares are currently trading at ₹987.7, -0.44% lower than the previous closing price, as of September 16th at 11:06am. Sensex is trading at ₹82984.21, up by 0.11%. The stock reached a high of ₹999.8 and a low of ₹986.15 throughout the day.
On the technical perspective, the stock is trading above the 300-day SMA and below the 5, 10, 20, 50, and 100-day SMA. The stock will have support at 300 days SMA and find resistance at 5, 10, 20, 50, and 100 days SMA.
Till 11 a.m. today, Tata Motors' volume traded on the NSE and BSE was -5.31% lower than the previous trading session. Volume traded, together with price, is a significant metric for analyzing trends. Positive price movement with higher volume signals a long-term uptrend, whilst negative price movement with more volume may indicate additional price declines.
The stock's prolonged fall indicates that a negative trend has begun. From a fundamental standpoint, the firm has a ROE of 48.22%.The current P/E ratio for the stock is 8.55.
According to disclosures for the September quarter, the business has a 41.86% promoter ownership, 4.52% MF holding, and 18.12% FII holding. The FII holdings fell from 18.18% in June to 18.12% in the September quarter.
Tata Motors' share price fell 0.44% today to ₹987.7, while its rivals were neutral. Its competitors, such as Maruti Suzuki India, Jupiter Wagons, and Force Motors, are all declining, but Ashok Leyland is expanding. Overall, the main indexes Nifty and Sensex are up 0.19% and 0.11%, respectively.
