Tata Steel Share Price: Significant ups and downs
Shares of Tata Steel Ltd., a part of the Tata Udyog Group and engaged in the steel manufacturing sector, have been witnessing significant ups and downs. In Monday’s trading session, the share price of Tata Steel Company was trading at Rs 132.85, up 4.52 percent. Over the past 6 trading sessions, the share price has increased by 13.64 percent.
Tata Steel Share Price: 52-week high
On September 1, 2023, shares of Tata Steel Company reached their 52-week high price of Rs.128.60. However, on Tuesday, September 5, 2023, the share price declined by 1.10 percent and is currently trading at Rs 130.30.
Tata Steel Share Price: Investor profits
Over the past year, Tata Steel Company shares have provided investors with over 25 percent profit. On Monday, the stock rose 4.37 percent to Rs 132.65. In 2023, the shares of Tata Steel Company have increased by 11.03 percent, while in the last year, the stock has provided a profit of 25.44 percent. The total market capitalization of Tata Steel Company is Rs 1,61,302.78 crore.
Tata Steel Share Price: Decline in net profit
Tata Steel Company’s consolidated net profit for the June quarter of the current financial year 2023-24 has seen a decline of 92 percent on a year-on-year basis. The company had earned a consolidated net profit of Rs 633.95 crore in the June 2023 quarter, compared to Rs 7,764.96 crore in the same quarter last year. There has been a 63 percent decline in consolidated net profit from Rs 1704.86 crore in the fourth quarter of the financial year 2022-23.
Tata Steel Share Price: Future expectations
According to stock market experts, shares of Tata Steel Company may touch the price of Rs 166 in the near future. Arihant Capital Markets firm has announced a target price of Rs 147-166 on Tata Steel stock. Experts advise placing a stop loss at Rs 116 while investing. Tata Steel stock may reach between Rs 147 and Rs 166 in the next few months. Investors looking to invest in Tata Steel stock can consider buying with a stop loss at Rs 116.
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