Tata Steel Share
The stock market witnessed a massive decline on Tuesday, with both the BSE Sensex and Nifty recording a massive drop. The BSE Sensex closed at 75,838.36, down 1.60%, while the National Stock Exchange’s Nifty closed at 23,024.65 points, down 1.37%. Amid this volatility in the market, Axis Securities brokerage firm has issued a BUY rating for Tata Steel Limited, indicating potential growth opportunities.
Current Status of Tata Steel Shares
On Tuesday, January 21, 2025, Tata Steel shares traded down 1.43% at ₹129.78. The market capitalization of the company is currently ₹1,61,924 crore. In the last 52 weeks, Tata Steel shares touched a high of ₹184.60 and a low of ₹122.62.
The stock witnessed a marginal decline of 0.81% on Wednesday, January 22, 2025, trading at ₹129. This performance reflects the overall bearish sentiment in the broader market.
BUY Rating from Axis Securities Brokerage Firm
Axis Securities has issued a BUY call for Tata Steel Limited shares, emphasizing the growth potential of the stock despite the recent decline. The brokerage firm has set a target price of ₹175, indicating a promising upside from the current levels.
Tata Steel Share Performance Overview
TATA Steel stock has given mixed returns over different time periods:
- 5-Day Return: Positive Return of 1.97%.
- 1-Month Performance: Decline of 8.42%.
- 6-Month Performance: Decline of 19.05%.
- 1-Year Performance: Minimal Decline of 0.25%.
- 5-Year Performance: An impressive rise of 168.47%.
- Long-Term Returns: Over the long term, Tata Steel has delivered a staggering return of 1,767.34%, reflecting its strong position in the industry.
- Year-to-date (YTD) Performance: The stock has declined 5.09%.
Conclusion
TATA Steel’s recent performance reflects the challenges faced due to market volatility. However, the company’s long-term growth trajectory and Axis Securities’ positive outlook indicate potential for improvement and gains. Investors should weigh both short-term volatility and long-term prospects when considering this stock for their portfolio.
Also Read: Tata Steel Share Price Target
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