Tata Steel Share Price on 20 March 2024
🚀📈 Tata Steel company’s shares are seeing a sharp rise. On Monday, Tata Steel’s share rose by 5% to reach an intraday high of ₹149.10. Steel stocks are rallying on strong industrial production growth in China. 🇨🇳
🏗️📈 China recorded a 7% growth in industrial production during January-February 2024. There was also an increase in metal production. Tata Steel’s share was trading at ₹151.40 on Tuesday, 19 March 2024, up by 1.14%. However, on Wednesday (20 March, 2024), the share was trading at ₹148 with a 0.61% decrease.
💼💰 Bloomberg had estimated a 5.2% growth in China’s industrial production. In December 2024, China’s industrial production increased by 6.8%. In yesterday’s trading session, Tata Steel company bought and sold 10 crore shares, which is double the average of last month.
🔍💡 According to experts at Arihant Capital Markets, Tata’s share could touch ₹149-154 in the coming weeks. However, investors are advised to set stop losses at ₹137 when investing. Some other experts have set a target price of ₹155 for Tata Steel company’s shares.
💵💼 Tata Steel earned a net profit of ₹522.14 crore in the December quarter.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
