Tata Motors Shares Update: Price Drops 2.31% – Can It Hold Above ₹811?

Today, Tata Motors‘ stock is down 2.31% from its last closing price, selling at ₹824.1. Throughout the day, the stock has fluctuated between a high of 843.9 and a low of 814.85. According to the traditional pivot level analysis, the stock’s important support levels are ₹811.4, ₹798.6, and ₹782.35, while its major resistances are ₹840.45, ₹856.7, and ₹869.5 on a daily time frame.

Tata Motors Trading Volume Surges by 93%: What Fundamental Indicators Reveal?

The volume of Tata Motors trades on the NSE and BSE up to 4 PM today was 93.15% greater than the previous trading session. In addition to price, volume traded is a crucial indication for trend analysis. A sustained upward trend is suggested by a positive price movement with a larger volume, whereas a further price decrease may be indicated by a negative price movement with a higher volume.

According to Mint technical analysis, the stock is presently in a significant downward trend overall. When looking at the company from the standpoint of fundamental analysis, its ROE is 48.22% and its ROA is 9.00%. The stock’s P/E ratio is at 7.19. In the September quarter, the MF holding climbed from 4.52% in June to 4.76%. In the September quarter, the FII holding climbed from 18.12% in June to 20.54%.

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