Tata Steel Share Price 📈💰
Investors have shown a strong interest in Tata Group’s shares in the stock market. Every investor wants to invest in Tata Group’s shares to ensure good returns. This is because the market-listed companies of the Tata Group have provided multi-bagger returns. So, if you are planning to buy Tata Group shares in the coming days, you should keep an eye on Tata Steel shares.
Increase in Purchases of Tata Shares 📈
There has been a significant increase in purchases of Tata Group shares during this time when the stock market is witnessing historic growth. On the last trading day of the week, Friday, December 15, Tata Steel’s share jumped 3.50% to cross the level of ₹136.70, which is the 52-week high for the share. On the other hand, in December last year, this share had reached a 52-week low of ₹101.60. Thus, the stock has been in this range for more than a year.
Expert Predictions for Tata Steel Shares 📊
Even stock experts are predicting a bullish trend in these shares in the short term. J.M. Financial, a brokerage firm, has recommended buying Tata Steel shares with a target price of ₹150. This means that Tata Steel shares could reach the ₹150 level. The market capitalization of the company was ₹1,67,734.47 crore.
Investment in Sustainable Design and Manufacturing 💡
Meanwhile, Tata Steel has signed an MOU with Imperial College London to establish an innovation center in sustainable design and manufacturing in London. This center will accelerate technological development, deploy strategies in strategic areas, attract talent, and strengthen the industry-academic collaborative ecosystem. Tata Steel will invest $10 million in facilities over the next four years to further this objective.
Quarterly Results Update 📊
In the September quarter, the company’s total revenue was ₹55,910.16 crore, which is 7.84% lower than the previous quarter’s ₹60,666.48 crore. However, the company incurred a net loss of ₹6,511.16 crore in the July-September quarter, which is 7.14% lower than the same quarter last year. In the same quarter of the previous financial year, the company had earned a net profit of ₹1,297.06 crore.
Overall, Tata Steel shares are attracting investors’ attention due to their potential for good returns. With the recent increase in purchases and positive predictions from experts, it seems like a promising investment option in the current market scenario. 💼💰
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.
