Tata Steel continues significant uptrend; lifts 2.4%
Tata Steel Limited (NSE: TATASTEEL), India's 3rd largest Iron & steel/intermediate products company by market cap, has lifted Rs9.65 (2.4%) from its previous trading session to close at Rs409.15. Compared with the BSE SENSEX Index which rose 136.9 points (0.3%) in the day, the relative price increase was 2.1%. There were 30,259,471 shares worth Rs12.6 billion (US$177.9 million) traded today. The rise has been propped up by a Tata Steel continues significant uptrend; lifts 2.4%
Tata Steel Limited (NSE:TATASTEEL), India's 3rd largest Iron & steel/intermediate products company by market cap, has lifted Rs9.65 (2.4%) from its previous trading session to close at Rs409.15. Compared with the BSE SENSEX Index which rose 136.9 points (0.3%) in the day, the relative price increase was 2.1%. There were 30,259,471 shares worth Rs12.6 billion (US$177.9 million) traded today. The rise has been propped up by strong volume of 2.8 times the average daily volume of 10.7 million shares.
Technical indicators complementing today's significant uptrend:
+ The positive 10.32 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last one month the stock has hit a new 52-week high seven times, pointing to a significant uptrend.
+ The price soared 12.9% in the last week and 20.5% in the last month.