Tata Steel shares are trading near their record high of Rs 147.35 touched on February 7, 2024. The metal stock closed 0.24% lower at Rs 145.50 on Friday.
Shares of Tata Steel Ltd have recovered 33% from their 52 week low in a year. They hit a 52 week high of Rs 137.65 on December 18, 2023 and a 52 week low of Rs 101.60 on December 26, 2022. In comparsion, the benchmark Sensex gained 17.08% in a year. Tata Steel stock has gained 13% in 2023, leaving short-term investors guessing about the outlook of the stock. On the other hand, the Tata Group stock delivered more than double the YTD returns in a year. The 28.76% rally in a year signals that investors earned moderate returns during the period.
Shares of Tata Steel Ltd hit a fresh 52-week high in early trade amid a flat movement in broader indices. Tata Steel shares rose to a high of Rs 137.65 against the previous close of Rs 136.40 on BSE. Tata Steel stock opened higher at Rs 137.20 on Monday. During the session, the stock hit an intraday low of Rs 135.10. Market cap of the firm stood at Rs 1.68 lakh crore. Total 14.41 lakh shares changed hands amounting to a turnover of Rs 19.70 crore on BSE. Tata Steel stock fell to a 52-week low of Rs 101.60 on December 26, 2022. Tata Steel stock has a one-year beta of 0.2, signaling low volatility during the period.
Tata Steel stock is down 0.17% in 2023 and gained 12% in year. Additionally, the stock has lost 12% from its 52-week high of Rs 134.85 hit on September 18, 2023.