Tata group stocks have performed consistently well in the stock markets, due to their high and assured returns. Today, on August 12, the stocks of Tata Steel are one of the most active equities. The blue-chip company’s share price surged by around 3% intra-day. In the last week of July, Tata Steel implemented a stock-split in the ratio of 1:10, and the share prices became cheaper, affordable for investors. This has been one of the major drivers behind the stock’s good performance. Additionally, according to recent reports, Tata is going introduce ‘First in India’ seating system for the Vande Bharat Express trains, which will start in September, this year. The company is mooting investing around Rs. 3,000 crore on R&D by FY26. The Indian Railway places a bulk order worth Rs. 145 crore with Tata Steel for the Vande Bharat express – seating systems.
Tata Steel Stock: NSE performance
The company has given a mixed performance in the stock markets, on short term basis. The current market price of Hindalco stood at Rs. 112.10/share on NSE, up by 2.75%, till last traded. In the last 5 days, the share price of this company has surged by 3.46% on NSE, and in the last 1 month, its share price has surged by 24.27%. In the past 6 months it has fallen 5.55%, and in last 1 year its share price has fallen by 21.90%. However, as a bluechip company in the long term, the company’s performance has been considerably good, its share price grew by 88.06% in the last 5 years.
The 52-week high level of this stock is Rs. 1,279.26, and the 52-week low level of this stock is Rs. 505.60.
|Market capitalization||Current market price||5 Days performance||1 Month performance|
|Rs. 136,792 crore||Rs. 112.10||3.46%||24.27%|
Tata Steel’s revenue from the operations surged by 18.6% YoY to Rs. 63,430 crore in Q1FY23 from Rs. 53,465 crore in Q1FY22. However, its consolidated net profit fell by 12.83% to Rs. 7,764.96 crore in Q1FY23. Tata Steel had reported a PAT of Rs. 8,907 crore Q1FY22.
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Story first published: Friday, August 12, 2022, 11:59 [IST]