Tata Steel Ltd Share Price (TATASTEEL)

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.

Jefferies Raises Target Price for Tata Steel Amid Global Manufacturing Resurgence - 10 Apr, 2024

Jefferies has raised Tata Steel's target price to Rs 200 per share, citing the recent resurgence in global manufacturing activity. The steel major is expected to report a 37.7% YoY decline in net profit for Q4 FY2023.

Tata Steel Leads Gains in Record-Breaking S&P BSE Sensex - 09 Apr, 2024

Tata Steel Ltd. was one of the top performers in the index's 5,000-point rally, leading gains in the S&P BSE Sensex and contributing to the benchmark hitting a fresh record high of 75,000 for the first time.

Tata Steel Hits Record High on Strong Deliveries and Bond Issue - 08 Apr, 2024

Tata Steel Ltd's shares rose over 2% to hit a record high after the company reported strong quarterly deliveries and raised Rs 2,700 crore through unsecured fixed-rate bonds. The company produced a record 20.8 MT crude steel in 2023-24, with revenues from Tata Steel Aashiyana up 30%. Morgan Stanley has maintained an equal-weight rating on Tata Steel with a target of Rs 135.

Tata Steel India Reports Record Sales in FY24 - 07 Apr, 2024

Tata Steel India reported a 6% growth in deliveries to 19.90 million tonnes in FY24, supported by higher demand from retail, automotive, and railway sectors. The company produced a record 20.8 MT crude steel in 2023-24, 4% higher than the previous fiscal year.

Tata Steel Achieves Record Production Levels - 06 Apr, 2024

Tata Steel achieved its highest-ever annual crude steel production of 20.8 million tonnes, with a growth of 4% YoY, and reported a 4.46% increase in crude steel production to 5.38 million tons in Q4 FY24. Domestic deliveries grew by 9% YoY driven by higher demand for steel in the country.

Tata Steel Shares Trade Positive Amid Vistara Crisis - 04 Apr, 2024

Shares of Tata Steel traded positively as Vistara faces a pilot shortage ahead of its merger with Air India. Meanwhile, two pilot unions wrote to the Tata Group Chairman urging proactive measures to address their grievances.

Tata Steel Files Writ Petition for Loan Waiver - 03 Apr, 2024

Tata Steel has filed a writ petition in the Calcutta High Court seeking waiver of loans availed from the Steel Development Fund and refund of the balance amount. The total outstanding loan amount is Rs 2,751.17 crore.

Tata Steel Shares Reach Record High Amid Bullish Sentiment - 02 Apr, 2024

Tata Steel's stock has reached a record high of Rs 165.45, trading above all moving averages and showing bullish sentiment among analysts who predict further upside potential.

Tata Steel Shares Hit Record High Amid Positive Buzz - 01 Apr, 2024

Tata Steel shares hit a record high of Rs 160.20 on the BSE, gaining 5.17% in a day. Analysts recommend buying the stock cautiously, setting stop-loss at Rs 140.

Tata Group Considers IPO for Electric Vehicles Business - 29 Mar, 2024

Tata Group is reportedly considering an initial public offering (IPO) for its electric vehicles business within the next one to two years, with a potential launch towards the end of FY25.

Tata Steel Rises on Subsidy News and Institutional Ownership - 28 Mar, 2024

Tata Steel rises for the fifth consecutive day, with a 10.15% increase in the last month. The Dutch government offers subsidies to accelerate pollution reduction plans at the IJmuiden plant. Tata Steel expects a drop in domestic business realization in Q4.

Tata Steel Discloses Political Contributions; Tata Group Pivots Towards Renewables - 23 Mar, 2024

Tata Steel has disclosed its political contributions in annual reports over the past five years. Meanwhile, the Tata Group is investing heavily in renewable energy projects and aims to make group companies carbon neutral while also focusing on electric mobility and AI.

mjunction Expresses Interest in Partnering with Government for Exchange Platform - 22 Mar, 2024

mjunction, a joint venture of SAIL and Tata Steel, has expressed interest in partnering with the government to construct an exchange platform different from the current auction platform.

Tata Steel Shares Rise as Macquarie Raises Target Price - 21 Mar, 2024

Foreign brokerage firm Macquarie has raised its expected target price for Tata Steel to Rs 162. The stock rose by 3.36% to Rs 150.60 with immediate targets of Rs 155-158 and higher levels of Rs 165-170.

Tata Steel Board Approves Fundraising Initiative - 20 Mar, 2024

Tata Steel's board has approved the issuance of non-convertible debentures (NCDs) worth Rs 2,700 crore for capital generation. Analysts recommend buying Tata Steel stock after a healthy correction. However, Tata Group stocks trended down with Tata Chemicals dropping over 8%.