Tata Steel share price closes at ₹188.02; falls 1.47% on September 24

Key Takeaways:

• Tata Steel finished at ₹188.02 after a 1.47% decline, effectively alongside the rounded session low and opening price of ₹188. 
• The close was extremely close to its moving averages, sitting ₹0.52 above the 50-day DMA and ₹0.58 below the 200-day DMA. 
• One-month, six-month and one-year returns were positive at 2.74%, 0.45% and 8.50%, while three months stood at -2.86%. 

Tata Steel share price ended September 24 at ₹188.02, down ₹2.80 or 1.47%. The previous close was ₹191. The stock opened at a rounded ₹188, reached ₹192 and recorded a rounded low of ₹188. The more precise closing price of ₹188.02 effectively aligned with both the opening level and the lower edge of the ₹4 displayed range. 

Trading volume was high at 16,520,187 shares. Market capitalisation stood at ₹234,715 crore. The stock finished roughly ₹4 below the session high while remaining essentially at the rounded opening and low. 

The moving averages were unusually close to the closing price. The 50-day DMA stood at ₹187.50, only ₹0.52 below the finish. The 100-day DMA was ₹190.30, a difference of ₹2.28 above the close. The 200-day DMA came in at ₹188.60, leaving a gap of just ₹0.58. Only ₹2.80 separated all three averages. 

Across 52 weeks, Tata Steel’s low was ₹160 and its high ₹224. The September 24 close was ₹28.02 above the lower marker and ₹35.98 below the high. The complete annual range measured ₹64. 

Return figures were 2.74% for one month, -2.86% for three months, 0.45% for six months and 8.50% for one year. The one-year reading was the strongest of the four, while three months was the weakest. The gap between them was 11.36 percentage points. 

Few stocks in the batch finished as closely aligned with both their 50-day and 200-day DMAs. Tata Steel was only ₹0.52 above one and ₹0.58 below the other, effectively placing the close between those two reference levels. At the daily level, the ₹188.02 finish was also almost identical to both the rounded opening price and session low.