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.

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.

Serving "जहाँ Indian वहाँ India" Since 2014. I Started News Desk in Early Days of India Internet Revolution and 4G. I write About India for Indians.

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