Tata Steel’s shares declined by 2.15% on the latest trading day, closing at ₹146.53, down ₹3.22 from the previous close of ₹149.75. This fall in share price led to an approximate market cap loss of ₹3,160 crores, bringing the total market capitalization down to ₹1,82,921.12 crores.
Key Performance Metrics
- Current Price: ₹146.53
- Percentage Decline: 2.15%
- Previous Close: ₹149.75
- Market Cap Loss: ~₹3,160 crores
Supporting Metrics:
- 52-Week Range: Tata Steel’s stock has seen highs of ₹184.60 and recently touched a 52-week low of ₹114.60.
- Daily Traded Volume: 153.62 lakhs
- Traded Value: ₹225.82 crores
Outlook:
The recent drop in Tata Steel’s share price reflects market conditions affecting the iron and steel sector, which has been under pressure due to global economic concerns. However, with a strong free float market cap of ₹1,21,261.52 crores, Tata Steel remains a significant player in the NIFTY 50 index. Investors will be closely watching for any signs of recovery or further decline, especially as the stock approaches its lower price band of ₹134.77.
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