Tata Steel vs JSW Steel: Tata Steel stock ended 4.62% higher at Rs 163.20 on BSE today. On the other hand, JSW Steel stock ended 4.81% higher at Rs 871.30.
After claiming last week that Tata Sons listing was imminent, reports now say an IPO is improbable in near future and the company is exploring other options to adhere to RBI norms
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.