Tata Steel share prices closed today (March 25) at ₹156.27 after opening at ₹159, indicating a drop of 1.71%. The opening prices were higher by 0.36% as compared to the closing price of ₹158.42 on March 24. Also, opening prices on March 24 were ₹158, while the March 21 closing price was ₹157.28. At the same time, opening prices on March 21 were ₹159.03 while the March 20 closing price stood at ₹159.04. The stock opened above the closing price for two days in succession, accounting for today.
Midday trading prices were ₹156.71, indicating a de-growth of 1.44% from the opening price. The stock mostly saw a downward curve till midday, plunging to ₹156.20 after a peak of ₹158.31, and then recovering to the midday figures. It will be closely watched, especially in light of the PLI 1.1 scheme and further developments.
Tata Steel share prices touched ₹156.71 by midday, coming down by approximately 1.44% after opening at ₹159 today (March 25). The stock has mostly been on a downward curve across today’s trading sessions, with the highest point being ₹158.31 after the initial plunge. At the same time, it has touched a low of ₹156.20 before recovering slightly to the current figures.
The stock could well prove to be a dark horse, with uncertainty over how prices will fare by the time of closing, especially with reports of it committing ₹17,000 crore with other steelmakers like JSW Steel and SAIL for specialty steel manufacturing as per the PLI 1.1 scheme.
Tata Steel share prices have opened at ₹159 today (March 25), as compared to ₹158.42, which indicates growth of 0.36%. This is a positive development for the stock and it opened at ₹158 on March 24, with the closing price being ₹157.28 on March 21. At the same time, the opening price on March 21 stood at ₹159.03 while the closing price on March 20 stood at ₹159.04. Thus, today is the second straight day of the stock opening above its closing price.
The imposition of a safeguard duty on imports by the Government could impact the Tata Steel stock as per expectations and it remains to be seen how it plays out in the day’s trading.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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