tata steel gave upto 25 percent return to investors in year 2023 know what is target price for 2024 mdn
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Tata Steel Share Price: There is dullness in the Indian stock market on the last trading day of the year. At 12.15 pm, Sensex is trading at 72,295, down 0.16 percent or 115.38 points. Whereas, Nifty is trading at 21,740, falling 0.18 percent or 38.60 percent. Meanwhile, there has been a rise in the shares of Tata Steel. The company’s shares are trading at Rs 139.75 with a rise of 1.16 percent i.e. Rs 1.60 at 12.15 pm. Which is around its 52 week highest level of Rs 140.50. The company’s stock has seen an increase of 25.19 percent i.e. Rs 28.15 in the last one year. Due to the tremendous growth, the market cap of the company has increased to Rs 16.98 lakh crore. The one-year beta of Tata Steel stock is 0.2, indicating low volatility during this period. In terms of technicals, Tata Steel’s Relative Strength Index (RSI) stood at 63.8, indicating that it is trading in neither overbought nor oversold zones. Shares of Tata Steel are trading above the moving averages of 5 days, 10 days, 20 days, 30 days, 50 days, 100 days, 150 days and 200 days.
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