Tata Steel Share Price Soars, Axis Securities Sets Target Price at ₹177
📈 Tata Steel share price is on the rise, with brokerage firm Axis Securities setting a target price of ₹177. The company has a total market capitalization of ₹1,94,616.87 crore. Tata Steel’s PE is 43.67 and EPS (TTM) stands at 3.73. The company’s shares were trading at ₹159.80 on Monday, April 1, 2024, registering a 2.53% increase.
Tata Steel: Leading Steel Producer in India
🏭 Tata Steel is a leading steel producer in India, with investments from LIC as well. LIC holds a 7.29% stake in Tata Steel, with a total of 90,97,67,778 shares. Over the past year, Tata Steel shares have provided investors with a 52% return, while in the last six months, investors have seen a 23% return.
Recent Performance and Growth
💹 On Tuesday, April 2, 2024, Tata Steel shares were trading at ₹165, up by 1.10%. The 52-week high for Tata Steel shares was ₹159.50, while the low was ₹101.65. Over the past month, Tata Steel shares have given investors an 11% return.
Steady Growth Over the Years
📈 Over the past two years, Tata Steel share price has increased by 16%, while in the last three years, it has surged by 103%. In the last five years, investors have seen their money grow by 208% in Tata Steel shares. Mutual fund holdings in Tata Steel increased from 9.44% to 9.83% in the December 2023 quarter.
Dividend and Financial Performance
💰 Since May 24, 2001, Tata Steel has distributed dividends to its investors 29 times. In the past 12 months, Tata Steel has given an equity dividend of ₹3.60 per share. The dividend yield ratio for Tata Steel stands at 2.31%. The company recorded its highest dividend of ₹51 in 2022 and also split its shares in a 1:10 ratio.
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