Tata Steel, one of India’s leading steel producers, saw its share price rise by 1.25% on Tuesday, closing at ₹153.95. The stock opened at ₹152.00 and touched a high of ₹155.40 during the trading session. The company’s market capitalization currently stands at ₹1,92,183 crore. Over the past 52 weeks, Tata Steel’s shares have seen a low of ₹114.25 and a high of ₹184.60.
Main Points
- Support: The first support level for Tata Steel is at ₹149.15, followed by ₹147.69 and ₹145.78.
- Resistance: The stock faces resistance at ₹152.52, ₹154.43, and ₹155.89.
- Moving Averages: Tata Steel’s 20-day moving average is at ₹152.39, while its 50-day and 100-day moving averages stand at ₹156.19 and ₹157.93, respectively.
- Relative Strength Index (RSI): The RSI for Tata Steel is currently at 43.38.
- 1-week: -0.14%
- 1-month: 3.56%
- 3-month: -15.51%
- 6-month: 7.21%
- 1-year: 18.80%
Valuation Ratios
- P/E Ratio: -42.69
- P/B Ratio: 2.06
- Dividend Yield: 2.35%
Peer Comparison
Tata Steel competes with other major steel producers in India, such as JSW Steel and Hindalco. Here’s a comparison of their performance:
| Company | Price | 1-day % | Market Cap (₹ Cr) | P/E | P/B | ROE % | 1-year % | Debt/Equity | Revenue (₹ Cr) | Beta |
|---|---|---|---|---|---|---|---|---|---|---|
| Tata Steel | 153.63 | 1.25 | 1,92,183 | — | 2.08 | -4.82 | 18.59 | 0.89 | 2,29,170 | — |
| JSW Steel | 955.35 | 0.06 | 2,33,626 | 31.92 | 3.01 | 11.34 | 17.84 | 1.10 | 1,75,006 | — |
| Hindalco | 671.50 | -0.70 | 1,50,900 | 14.00 | 1.42 | 9.56 | 38.97 | 0.51 | 2,15,962 | — |
Analysts have a “BUY” recommendation on Tata Steel, with a long-term target price of ₹1,698. The company’s recent performance has been mixed, with a revenue growth of -5% and a pre-tax margin of 0%. However, the stock’s technical indicators suggest a potential upside if it can break above its 50-day moving average.
Investors should closely monitor Tata Steel’s performance and consider their risk appetite before making investment decisions. It’s always advisable to consult with a financial advisor for personalized guidance.
