Tata Steel Share Price 📈✨
Tata Steel, one of the leading companies in the Tata Group, witnessed a significant surge in its share price on Friday. The stock traded at Rs. 136.70, marking a robust increase of 3.50% on Friday. It is noteworthy that in December 2022, Tata Steel shares were trading at a low of Rs. 101.60 for 52 weeks. Over the course of this year, Tata Steel has delivered impressive returns to its investors. This has left financial advisors excited about the potential of Tata Steel shares. JM Financial, a brokerage firm, has set a target price of Rs. 150 for Tata Steel shares. Experts believe that Tata Steel shares may touch the Rs. 150 mark in the near future.
On Monday, December 18, 2023, the share price of Tata Steel was trading at Rs. 136.05, experiencing a slight decline of 0.29%. However, on Tuesday, December 19, 2023, the share price increased by 0.48% to reach Rs. 137. Tata Steel currently has a market capitalization of Rs. 1,67,734.47 crore.
Recently, Tata Steel signed a Memorandum of Understanding (MoU) with Imperial College London to establish an Innovation Center in Sustainable Design and Manufacturing. According to Tata Steel, this center will enable the company to drive technological advancements and development in strategic areas. To achieve this target, Tata Steel plans to invest $10 million in facilities over the next four years.
In the September 2023 quarter, Tata Steel reported a revenue collection of Rs. 55,910.16 crore, which is comparable to the same quarter of the previous financial year when the company earned Rs. 60,666.48 crore in revenue. This indicates a decrease of 7.14% in revenue compared to the same quarter of the previous year. In the July-September quarter, Tata Steel incurred a net loss of Rs. 6,511.16 crore, whereas in the same quarter of the previous financial year, the company had earned a net profit of Rs. 1,297.06 crore.
Tata Steel’s journey in the market has been dynamic, with fluctuations in share prices and financial performance. However, the company’s commitment to innovation and sustainable practices continues to drive its growth trajectory.
Stay tuned for more updates on Tata Steel’s share price! 💰📈
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