Tata Steel share prices started the day at ₹134.89, growing by a handsome 3.60% in comparison to yesterday’s closing price. The latter was also 1.71% more than the opening prices on 7th April and this came as a welcome relief for investors after yesterday’s opening saw prices crashing by a high margin. Yet, despite the initial momentum, share prices fell to ₹130.94, around 2.92% lower than the opening prices, after hitting ₹135.74 early on and then plunging to ₹128.17.
Tata Steel has closed 8th April at ₹130.28, which is 3.41% lower than the opening price, marking a (continuation/reversal) of the midday trends and a (departure from/return to) the growth curve seen yesterday at closing and also at opening today. The company has been impacted by news of
Tata Steel share prices opened at ₹134.89 today (8th April) and this was around 3.60% more than yesterday’s closing price. This came on the back of the company looking to shut down loss-making furnaces in the UK and shift more focus toward growth prospects in India. By midday, however, the share prices were at ₹130.94, which is about 2.92% lower than the opening figures today.
The highest point today was ₹135.74 initially, before a slump to ₹128.17 and then a moderate recovery to the midday numbers. Fears of trade wars and Trump tariffs may still impact share prices in the near future.
Even though the impact of Trump tariffs has been severe on Tata Steel stock prices, the company seems to have made a positive turnaround, opening at ₹134.89, which is 3.60% higher than the closing price of ₹130.20 on 7th April. Interestingly, there was a massive slump at the opening yesterday, when the stock touched ₹128, which was lower than 4th April’s closing price (₹140.67) by 9%. However, there was a midday recovery seen, when the prices stabilized at ₹128.05 and then closed at ₹130.20, which was about 1.71% more than the opening numbers.
Trade wars, tariffs, and other geopolitical developments still make the stock vulnerable towards fluctuations, although its recent decision to shut its loss-making UK furnaces and focus more on growing in India may impact stock prices positively down the line.
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