Tata Steel share prices have come down by 0.72% from the opening, touching ₹155.07, in comparison to the latter figure of ₹156.20. This comes after a sluggish start, where it was 0.04% lower than the closing price of ₹156.27 on March 25. At the same time, the opening price on March 25 stood at ₹159, while the closing price was ₹158.42 on March 24. The opening price for this date was at ₹158, while the closing price on March 21 was ₹157.28. This is the second successive day when the stock has closed below the opening price.
Share prices touched ₹156.50 by midday, which was slightly higher than the opening price (by 0.19%), and this may have led to expectations of them reaching near the opening threshold.
Tata Steel share prices have touched ₹156.50 by midday, which is marginally higher than the opening price today (March 26) of ₹156.20. It shows a growth of 0.19%, although the stock has been seeing a sustained downward spiral by midday, after it peaked at ₹157.38 sometime earlier in the day. The lowest point for the stock today has been ₹156 as well.
With the safeguard duty news and other green steel-making ventures in the headlines, Tata Steel stock prices will be keenly watched going forward. Experts are keeping their fingers crossed as to whether the stock will close above the opening prices or stay well below them.
One of the most-watched stocks in recent days, Tata Steel, has opened at ₹156.20 today (March 26), which is marginally lower (by 0.04%) than the closing price of ₹156.27 yesterday (March 25). The opening price of ₹159 on March 25, however, surpassed the closing price of ₹158.42 by 0.36%, while the opening prices on March 24 were ₹158 in comparison to the closing price of ₹157.28 on March 21. The stock opened above its closing price for two straight days, before going lower today.
It continues to be in the news for appointing three Wales contractors for a mega green steel-making project, while also being a beneficiary of the recent safeguard duty proposed by the Government. It remains to be seen how these developments impact stock prices going forward.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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