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.