# Tata Steel Share Price Surge 3.28%, Nifty Edges Up by 0.04%

URL: https://technosports.co.in/tata-steel-share-price-surge-3-28-nifty/  
Published: 2024-09-24  
Updated: 2024-09-24  
Author: Reetam Bodhak

**Tata Steel Share Price**

As of today, September 24, 2024, Tata Steel shares are showing strong performance. The stock opened at ₹154.55 and closed at ₹159 on the previous trading day. Today, [Tata Steel](https://www.tatasteel.com/)is trading at ₹159 as of 11:11 AM, marking a 3.28% rise from the previous close. The stock has hit an intraday high of ₹159.5 and a low of ₹154.55. Meanwhile, the Sensex is trading at ₹84,952.09, up by 0.03%.

![Tata Steel Share Price](https://technosports.co.in/wp-content/uploads/2024/09/st1-1.jpg)

## **Tata Steel Share Price: Technical Analysis**

On the technical front, Tata Steel is currently trading above its 5, 10, 20, 50, and 300-day simple moving averages (SMA), indicating a bullish trend. However, it remains below its 100-day SMA, which could act as a resistance level. Key support levels are at ₹153.06, ₹152.14, and ₹151.47, while resistance levels stand at ₹154.65, ₹155.32, and ₹156.24.

The stock’s volume traded on NSE and BSE is up by 264.08% compared to the previous session, signaling increased interest from traders. A higher volume along with positive price movement suggests a sustainable uptrend, whereas higher volume with declining prices could indicate a potential dip in the near future.

## **Fundamental Analysis**

From a fundamental perspective, Tata Steel has a return on equity (ROE) of **-4.55%**, indicating room for improvement. The 1-year median forecast shows a potential upside of **3.48%**, with a target price of ₹164.54.

Promoter holding stands at **33.19%**, while mutual funds (MFs) and foreign institutional investors (FIIs) hold **10.88%** and **19.68%** of the company’s shares, respectively. Notably, MF holdings have decreased slightly from **11.20%** in March to **10.88%** in June, while FII holdings have increased from **19.61%** to **19.68%** over the same period.

![](https://technosports.co.in/wp-content/uploads/2024/09/st2-1.jpg)

## **Market Overview**

Tata Steel’s price rise of 3.28% aligns with the upward trend seen across its peer group. Meanwhile, benchmark indices Nifty and Sensex are also slightly up, by **0.04%** and **0.03%** respectively.

Tata Steel’s performance today highlights investor confidence, supported by technical indicators and strong market interest.

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## **FAQs**

### **What’s the current price of Tata Steel?**

Rs. 158.90