Tata Steel Ltd Sees 12 Million Shares Traded, Ranking Among Top Volume Movers Today

Tata Steel Ltd, a prominent player in the Ferrous Metals industry, has emerged as one of the most active equities today, with a total traded volume of 12,082,496 shares and a total traded value of approximately Rs 20,784.31 lakhs. The stock opened at Rs 168.12 and reached an intraday high of Rs 173.17, reflecting a gain of 3.38% during the trading session. Currently, Tata Steel's last traded price stands at Rs 172.29, which is just 1.3% away from its 52-week high of Rs 174.44.
The stock has shown resilience by reversing a two-day decline, outperforming its sector by 1.95%. Notably, Tata Steel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a decline in investor participation, with delivery volume dropping by 25.08% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 6.89 crore, based on 2% of the 5-day average traded value.

In summary, Tata Steel's performance today highlights its strong market position and positive momentum, even as it faces a decrease in delivery volume.