Business Business:Today 28 October at 14:01, Tata PowerTata PowerShares of ₹are trading at a price of ₹428.3, which is 1.4% higher than the previous closing price. Sensex is trading at ₹80266.67, higher by 1.09%. The stock touched a high of ₹428.45 and a low of ₹415 during the day.
On the technical front, the stock is trading above 300 day SMA and below 5,10,20,50,100 day SMA. The stock will find support at 300 day SMA and face resistance at 5,10,20,50,100 day SMA. The SMA values for the stock are given below:
day simple moving average
5 437.48
10 447.72
20 457.46
50 442.80
100 439.59
300 417.83
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹436.07, ₹449.88, and ₹460.67, while it has key support levels at ₹411.47, ₹400.68, and ₹386.87.
Tata Power share price today
As of 2PM today, the traded volume for Tata Power on NSE and BSE was down -21.87% compared to the previous trading session. Volume traded along with price is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, according to Mint technical analysis, the stock's continued decline suggests a bearish trend is underway.
From a fundamental analysis perspective, the company's ROE is 12.09%. The current P/E of the stock stands at 36.59.
The average 1-year predicted upside for this stock is 0.30% with a target price of ₹427.00. The company has 0.00% promoter holding, 6.94% MF holding and 9.15% FII holding, as per September quarter filing.
MF holding declined to 6.94% in the September quarter from 7.90% in June. FII holding declined to 9.15% in the September quarter from 9.50% in June. Tata Power share price today rose 1.4% to ₹428.3, while its rivals were mixed. Its rival shares like JSW Energy declined today, but its rivals Adani Green Energy, Adani Power, Adani Energy Solutions remained on the rise. Overall, benchmark indices Nifty and Sensex rose by 0.99% and 1.09% respectively.
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