Tata Steel Ltd Share Price – NSE /  BSE

Steel, Mid Cap

Tata Steel Ltd is up for a fifth straight session today. The stock is quoting at Rs 151.24, up 0.53% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 22577. The Sensex is at 74336.54, down 0%. Tata Steel Ltd has gained around 12.83% in last one month.

Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has gained around 6.7% in last one month and is currently quoting at 8888.65, up 0.34% on the day. The volume in the stock stood at 554.8 lakh shares today, compared to the daily average of 353.88 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 151.44, up 0.5% on the day. Tata Steel Ltd is down 1.44% in last one year as compared to a 1.09% jump in NIFTY and a 8.1% jump in the Nifty Metal index.

The PE of the stock is 12 based on TTM earnings ending December 24.

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Tata Steel Ltd gained for a third straight session today. The stock is quoting at Rs 143.91, up 3.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73855.47, up 1.19%. Tata Steel Ltd has risen around 8.58% in last one month.

Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has risen around 2.82% in last one month and is currently quoting at 8347.75, up 3.02% on the day. The volume in the stock stood at 342.38 lakh shares today, compared to the daily average of 317.29 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 144.79, up 3.36% on the day. Tata Steel Ltd is down 5.07% in last one year as compared to a 0.46% drop in NIFTY and a 4.14% drop in the Nifty Metal index.

The PE of the stock is 11.12 based on TTM earnings ending December 24.

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Tata Steel (up 3.6%), Steel Authority of India (up 2.78%) and JSW Steel (up 2.35%) climbed.

The move, aimed at tackling overcapacity, sparked positive sentiment among investors in Indian steel companies. While China indicated a commitment to promote restructuring of the steel industry through output reduction, it notably refrained from specifying any concrete reduction targets.

China, the world's largest steel producer and consumer, is facing pressure to address oversupply issues. The restructuring initiative is seen as a potential catalyst for stabilizing global steel prices and improving market conditions for producers outside of China.

Chinese steelmakers have been grappling with generating profits as a prolonged property downturn has hit domestic steel consumption and as the mounting trade frictions against cheap Chinese steel products have cast a shadow on its steel exports outlook this year.

The Indian steel sector is anticipated to benefit from a potential decrease in Chinese steel exports, which could lead to increased demand for domestically produced steel.

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The key equity benchmarks traded near flat line with positive bias in early trade. The Nifty traded above 22,550 mark. Consumer durables, media and IT shares declined while banking and metal stocks advanced.

At 09:25 IST, the barometer index, the S&P BSE Sensex, advanced 56.45 points or 0.08% to 74,.658.57. The Nifty 50 index added 19.80 points or 0.09% to 22,567.35.

In the broader market, the S&P BSE Mid-Cap index declined 0.02% and the S&P BSE Small-Cap index fell 0.58%.

The market breadth was weak. On the BSE, 1,348 shares rose and 1,487 shares fell. A total of 183 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,529.10 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,030.78 crore in the Indian equity market on 25 February 2025, provisional data showed.

Numbers to Track:

The yield on India's 10-year benchmark federal paper advanced 1.58% to 6.812 as compared with the previous close of 6.700.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 87,4050, compared with its close of 86.1900 during the previous trading session.

MCX Gold futures for 4 April 2025 settlement were fell 0.10% to Rs 85,761.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 106.63.

The United States 10-year bond yield advanced 0.75% to 4.281.

In the commodities market, Brent crude for April 2025 settlement added 20 cents or 0.28% to $72.73 a barrel.

Stocks in Spotlight:

Tata Steel rose 0.88%, The company acquired 788,53,50,318 ordinary equity shares of face value $ 0.157 each aggregating to $1,238 million (Rs 10,726.85 crore) in T Steel Holdings (TSHP).

Spicejet declined 3.40%. The company reported standalone net profit of Rs 24.96 crore in Q3 FY25 as compared with net loss of Rs 301.45 crore in Q3 FY24. Revenue from operations fell 35.33% to Rs 1231.06 crore in Q3 FY25 as compared with Rs 1,903.57 crore in Q3 FY24.

Emcure Pharmaceuticals fell 1.10%. The company announced that the United States Food and Drug Administration (USFDA) had conducted a current good manufacturing practices (cGMP) inspection of the company’s API manufacturing facility in Kurkumbh, Maharashtra.

Global Markets:

Most Asian shares declined on Thursday, influenced by a combination of Nvidia's earnings results and renewed US trade tariff concerns.

Nvidia, a key player in the AI sector, reported strong quarterly figures, forecasting first-quarter revenue of $43 billion, exceeding expectations of $42.05 billion. However, a projected softer-than-expected gross margin, attributed to the Blackwell production ramp-up, led to a volatile after-hours trading session, with the stock fluctuating between gains and losses. This muted investor response followed a period of consistently high expectations.

Adding to market unease, President Donald Trump announced plans to impose 25% tariffs on the European Union and reiterated that tariffs on Mexico and Canada would take effect on April 2. Contradictory statements within his announcement created confusion and uncertainty among investors.

These developments followed a flat close for U.S. stocks on Wednesday, which had already seen four consecutive days of losses. Concerns about a potential U.S. economic slowdown, reflected in weak consumer sentiment data, further contributed to the negative market sentiment.

Specifically, the S&P 500 closed unchanged at 5,956.18 points, the NASDAQ Composite rose 0.3% to 19,075.26 points, and the Dow Jones Industrial Average fell 0.4% to 43,433.12 points.

Investors are now awaiting key economic data, including fourth-quarter gross domestic product figures due Thursday and the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, scheduled for Friday.

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