3rd December 2021: Tata Steel rally continued for the third consecutive day. The share price closed at Rs. 1118.0 gaining 0.50% in the intraday session. Financial experts suggest Tata Steel for long-term investing since the P/E ratio is very low.
2nd December 2021: The Chairman of Inditrade Capital, Mr. Sudip Bandyopadhyay throws some positive light on Tata Steel Ltd. He said “Tata Steel at current levels definitely looks attractive to me but one should have a little bit of patience, things may not work out initially”.
30th Nov 2021: Tata Steel Ltd. fell more than 4% in an intraday session. The price was closed at 1070.10. After posting very good Q2 results, Tata Steel fell more than 15% in just 12 trading sessions. Today it has broken the important support at 1074.
Know the reasons behind the fall
29th Nov 2021: Sell Tata Steel, Target 1060 & Stop Loss 1140 – Chandan Taparia, Motilal Oswal on 29th Nov 2021.
Chandan Taparia from Motilal Oswal has given a sell call on Tata Steel Ltd. with a target price of Rs. 1060, stop loss Rs. 1140.
12th Nov 2021: Tata Steel Ltd. has posted a net profit of Rs. 11918 crore in 2021 Q2 results. The total revenue for the September quarter is Rs. 59394 crores.
| Q1FY22 | Q2FY22 | |
| Revenue | 52574 | 59394 |
| Other Income | 162 | 271 |
| PBIDT | 16395 | 16912 |
| PBT | 12259 | 13604 |
| PAT | 9768 | 12548 |
| Net Profit | 8907 | 11918 |
Know Why Tata Steel is falling after Posting Good Q2 Results