Tata Steel Share Price | Signs of bullishness in Tata Steel shares, note down the target price immediately – Hindi News
Tata Steel Share Price | Shares of Tata Steel fell for the sixth consecutive trading day on Tuesday. The stock has fallen 7% in the last five sessions. During this period, BSE Metal Index and Sensex declined by 4.47 percent and 3.55 percent respectively. In the current session, the company's shares fell 4.62 percent to Rs 156.70 intraday on BSE. The market cap of the company fell to Rs 1.98 lakh crore. (Part of Tata Steel Limited Company)
What is the expert's opinion?
Morgan Stanley upgrades Tata Steel to 'Equal Weight' call. The target price of shares has been increased to Rs 175. JM Financial has fixed the price of Tata Steel at Rs 180 for 12 months. Brokerage houses have advised to buy shares. On Wednesday (09 October 2024), the stock was trading at Rs 161, up 0.75%. Global brokerage firm Jefferies has given buy advice to Tata Steel with a target price of Rs 200 per share. HDFC Securities has set a target price of Rs 175 to Rs 188. The stop loss is Rs 150 and the period is two months. SMC Global Securities recommends buying with a target price of Rs 180-183. Stoploss for the shares has been fixed at Rs 149.
stock position
Tata Steel shares have a one-year beta of 1.4, indicating high volatility during this period. In technical terms, Tata Steel's Relative Strength Index (RSI) stood at 61.7, which indicates that the shares are not trading in overbought or oversold zones. The stock is trading below 5 day, 10 day, 20 day, 100 day, 150 day but below 30 day, 50 day and 200 day moving averages. Shares of Tata Steel on June 18, 2024 at Rs. Reached a record high of Rs 184.60 and on November 2, 2023 Rs. 52-week low of 14.25. Tata Steel shares have risen 26.3% in one year and 53.88% in two years.
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