News Title: Tata Steel Share Price 22 January 2025
Tata Steel Share Price Drops Amid Market Decline
The stock market experienced a significant downturn on Tuesday, with both BSE Sensex and Nifty dropping over 1%. BSE Sensex fell 1.60% to close at 75,838.36, while Nifty ended at 23,024.65, down 1.37%. Despite the market conditions, Axis Securities has recommended buying shares of Tata Steel Limited.
Current Share Status of Tata Steel
On January 21, 2025, Tata Steel shares traded at Rs 129.78, reflecting a decline of 1.43%. The company’s market capitalization is currently Rs 1,61,924 crore, with a 52-week high of Rs 184.60 and a low of Rs 122.62. The stock was priced at Rs 129 on January 22, down 0.81%.
Axis Securities’ BUY Rating
Axis Securities has issued a BUY recommendation for Tata Steel shares, setting a target price of Rs 175, suggesting potential upside despite current market volatility.
Return Overview for Tata Steel Shares
In the past five days, Tata Steel shares yielded a return of 1.97%. However, the stock has seen an 8.42% decline over the past month and 19.05% over the last six months. Year-to-date, the shares are down 5.09%, although they have provided a remarkable 168.47% return over five years.
Disclaimer
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Summary at glance
On January 21, 2025, Tata Steel shares fell by 1.43%, trading at Rs 129.78 amid a broader market decline, with BSE Sensex down 1.60% and Nifty down 1.37%. Axis Securities has recommended buying Tata Steel shares, setting a target price of Rs 175. Over the past month, the stock has decreased by 8.42%, and 19.05% over six months, but has delivered a 168.47% return over five years.
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