₹163.85▲0.99%
3.54%
Low
Day's Volatility:3.94%
High
0.40%
36.50%
Low
52 Weeks Volatility:40.71%
High
4.21%
Returns % | |
1 Month Return | 0.87 % |
3 Month Return | 17.7 % |
1 Year Return | 50.65 % |
Market Stats | |
Previous Close | ₹162.25 |
Open | ₹162.45 |
Volume | 3.65Cr |
Upper Circuit | - |
Lower Circuit | - |
Market Cap | ₹2,02,545.23Cr |
based on 27 analysts
Based on 27 analysts offering long term price targets for Tata Steel Ltd. An average target of ₹149.67
Source: S&P Global Market Intelligence
Organisation | Tata Steel Ltd |
Headquarters | |
Industry | Steel |
E-voting on shares | Click here to vote |
Key events for Tata Steel Ltd
As part of its carbon emission reduction strategy, Tata Steel is building its first electric arc furnace-based low-emissions steel plant in India at Ludhiana. It has also signed a 25-year agreement with Tata Power to source renewable power, potentially reducing its carbon emissions by 50 million tons.
Tata Steel Plans Job Cuts Amid Green Initiative - 10 May, 2024
Tata Steel is set to close two furnaces at its Port Talbot plant as part of its green initiative, which could affect 2,500 jobs. Moody's predicts that India's steel demand will grow 5%-7%, while China's steel demand will decline slightly. Tata Sons doubles royalty fee for group companies to Rs 200 crore. Tata Motors acquires minority stake in Tata Capital through a share-swap arrangement.
Tata Steel UK Workers Vote for Strike Action - 09 May, 2024
Over 85% of Tata Steel UK's 3,000 members have voted for strike action against the company's job cut plans. The union demands a better deal for the workforce after Tata Steel announced it would close two blast furnaces at its Port Talbot steelworks in Wales, leading to the loss of up to 2,800 jobs by year-end.
Tata Group-Led Acquisition Brings Changes to Indian Airlines - 08 May, 2024
The Tata Group's acquisition of Air India Express has led to restructuring in its Indian airline business, including a merger of Vistara into Air India. The integration process is ongoing, but there are already concerns from employees about remuneration and hiring practices.
Tata Steel Ltd stock consolidates in narrow range - 07 May, 2024
The Tata Steel Ltd stock has been consolidating in a narrow range for the last six sessions. The primary trend of the stock is bullish, forming higher tops and higher bottoms. The metal sector has been outperforming for the past few months and is expected to continue.
Tata Group Plans Semiconductor Foundry; Tata Steel Earnings Expected to Dip - 29 Apr, 2024
Tata Group is setting up a semiconductor foundry and chip packaging plant in India, while Tata Steel's per tonne EBITDA is expected to dip by 15% due to higher coking coal prices and falling steel prices.
Tata Steel CEO Raises Concerns About Rising Steel Imports in India - 28 Apr, 2024
Tata Steel CEO T V Narendran has expressed concern over the surge in steel imports in India and called for government intervention. Domestic players have also been demanding a curb on imports and review of free trade agreements (FTAs) with several countries.
Tata Steel Proceeds with Investment Plan for Modern Electric Arc Furnace - 26 Apr, 2024
Tata Steel will invest GBP 1.25 billion to build a state-of-the-art electric arc furnace in Port Talbot, Wales, and commence closure of existing heavy-end assets. The investment marks the most significant investment in British steel production in years, protecting jobs and cutting CO2 emissions by 5 million tonnes annually.
Tata Steel Proceeds with Investment in Electric Arc Furnace - 25 Apr, 2024
Tata Steel will invest £1.25 billion in an electric arc furnace for steel production in Port Talbot, backed by £500 million in subsidies from the UK government. The move is part of a shift towards greener goals and could cut UK emissions by about 2%. The company has informed trade unions that two blast furnaces will close by end-September. Tata Steel UK recorded negative EBITDA of £373m and negative free cashflow of £623m in FY23-24.
Tata Steel Shares Rise Amid Positive Market Sentiment - 24 Apr, 2024
Tata Steel shares opened higher and contributed to the gains in the BSE Metal index. Brokerage firm Jefferies maintained a buy rating on the stock with a target price of Rs 200. The company reported a 6% growth in deliveries in FY24, supported by higher demand from retail, automotive, and railway segments.
Tata Steel MD Expects India's Steel Demand to Grow by 8-10% in FY25 - 23 Apr, 2024
TV Narendran, Managing Director of Tata Steel, expects steel demand in India to grow by at least 8-10% for FY25. He believes that India turning into a net importer of steel is temporary and unfair imports need to be dealt with. Global steel prices will continue to be determined by China's production and exports, which could impact Indian prices.
Tata Steel Amalgamates with Angul Energy; Tanishq Opens Fifth Store in US - 22 Apr, 2024
The National Company Law Tribunal has approved the amalgamation of Angul Energy with Tata Steel. Meanwhile, Tanishq, a subsidiary of the Tata Group, has opened its fifth store in the US, located in Chicago.
Tata Group Seeks Waiver to Avoid Listing Tata Sons; Plant Identified as Major Supplier to Tesla - 20 Apr, 2024
Tata Group has sought a formal waiver from the central bank to avoid listing Tata Sons, its holding company and non-banking finance firm, on stock exchanges. Meanwhile, Tata Group's semiconductor fabrication plant in Gujarat has been identified as one of the major suppliers of chips to Tesla.
Tata Steel Hires First Batch of Women Firefighters to Enhance Diversity - 19 Apr, 2024
Tata Steel has hired its first batch of 23 women firefighters, as part of a move towards ending gender-based stereotyping of jobs. The company is increasingly hiring more women for mines, steel plants, oil rigs and shop floors. Tata Steel Kalinganagar (TSK), West Bokaro, and Tata Steel Meramandali have initiated three-shift deployment of women workforce in operation and maintenance roles. This will help mainstream marginalised communities.
Tata Steel's P/S ratio similar to industry despite negative revenue growth - 18 Apr, 2024
Tata Steel's P/S ratio of 0.9x is similar to the median for the Metals and Mining industry in India, despite a frustrating 6.5% decrease in revenue last year and only a 0.7% expected increase this year. Investors seem willing to pay up for exposure to the stock, but maintaining these prices may be difficult with limited growth expectations.
Tata Electronics Signs Deal With Tesla For Semiconductor Chips - 15 Apr, 2024
Tata Electronics has signed a strategic deal with Tesla to procure semiconductor chips for its worldwide operations. Meanwhile, JSW Steel Ltd, Tata Steel Ltd, and ArcelorMittal Nippon Steel Ltd fell short of an investment target for the fiscal year to March 2024 due to delays. Prabhudas Lilladher expects Tata Steel Q4 net profit at Rs. 1,010 crore down 40.5% YoY (up 70.1% QoQ). The Tata Steel stock looks set for higher price targets if it stays above the Rs 160 mark.
Tata Steel Procures Order from Indian Railways; Air India Partners with Customer Engagement Firms - 12 Apr, 2024
Tata Steel secures an order worth ₹333.48 crore from the Indian Railways for 52,753 MT of steel. Meanwhile, Air India has partnered with Concentrix and iEnergizer to manage its premium services and domestic inquiries.
Fundamentals of Tata Steel Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
Profit Spike
Netprofit is up for the last 2 quarters, -6.19K Cr → 513.37 Cr (in ₹), with an average increase of 1307.0% per quarter
Price Rise
In the last 3 months, TATASTEEL stock has moved up by 17.7%
MF Holding Up
Mutual Funds have increased holdings from 9.79% to 10.10% in Mar 2024 quarter
FII Holding Up
Foreign Institutions have increased holdings from 19.37% to 19.61% in Mar 2024 quarter
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 123.0% return, outperforming this stock by 79.7%
Against Peers
In the last 1 year, NMDC Ltd has given 139.3% return, outperforming this stock by 88.6%
Promoter Holding Unchanged
Promoters holdings remained unchanged at 33.19% of holdings in Mar 2024 quarter
Revenue Fall
Revenue is down for the last 4 quarters, 63.23K Cr → 55.61K Cr (in ₹), with an average decrease of 4.2% per quarter
Retail Holding Down
Retail Investor have decreased holdings from 23.52% to 22.86% in Mar 2024 quarter
Tata Steel Ltd in the last 5 years
Lowest (-109.68x)
March 30, 2021
Today (-59.43x)
May 10, 2024
Industry (26.48x)
May 10, 2024
Highest (98.47x)
September 15, 2023
Investors | Holdings % | Prev. 3 periods | 3M change |
---|---|---|---|
Promoter Holdings | 33.19% | 0.00 | |
Foreign Institutions | 19.61% | 1.23 | |
Mutual Funds | 10.1% | 3.21 | |
Retail Investors | 22.86% | ||
Others | 14.24% | 0.79 |
Technicals of Tata Steel Ltd share
News & Events of Tata Steel Ltd
News
A total of 1,495,386 shares changed hands on the counter till 10:50AM (IST)
09 May, 2024 10:50 AMThe stock quoted a 52-week high of Rs 241.5 and a 52-week low of Rs 105.75.
10 May, 2024 12:42 PMA total of 1,956,334 shares changed hands on the counter till time (IST).
13 May, 2024 01:39 PMTata Steel Ltd (TATASTEEL) share price today is ₹163.85
Tata Steel Ltd is listed on NSE
Tata Steel Ltd is listed on BSE
PE Ratio of Tata Steel Ltd is -59.43
PE ratio = Tata Steel Ltd Market price per share / Tata Steel Ltd Earnings per share
Today’s traded volume of Tata Steel Ltd(TATASTEEL) is 3.65Cr.
Today’s market capitalisation of Tata Steel Ltd(TATASTEEL) is ₹202545.23Cr.
Tata Steel Ltd(TATASTEEL | Price |
---|---|
52 Week High | ₹170.75 |
52 Week Low | ₹104.05 |
Tata Steel Ltd(TATASTEEL) share price is ₹163.85. It is down -4.04% from its 52 Week High price of ₹170.75
Tata Steel Ltd(TATASTEEL) share price is ₹163.85. It is up 57.47% from its 52 Week Low price of ₹104.05
Tata Steel Ltd(TATASTEEL | Returns |
---|---|
1 Day Returns | 1.6% |
1 Month Returns | 0.87% |
3 Month Returns | 17.7% |
1 Year Returns | 50.65% |