Tata Steel Share Prices Finally Close 0.92% Lower Than Opening Prices

11th April, 2025 / 3:30 PM

In the news for its transformation operations at its Dutch subsidiary, Tata Steel share prices have closed at ₹133.42 today (11th April), approximately 0.92% lower than the opening price of ₹134.67 for the day. The latter exceeded the closing price of ₹127.18 on 9th April by a handsome margin of 5.88% at market opening today as well. Yet, by midday, the share prices touched ₹134.05 in a slight slump of 0.46% from the opening price.

The stock hit a peak of ₹134.06 after the initial drop and the lowest threshold was ₹130.98 before it trundled to the midday numbers. The closing price thus continues the midday trend, amidst reports of JP Morgan forecasting 500 million Euros in savings from the company’s Netherlands operations. 

11th April, 2025 / 12:30 PM

Tata Steel share prices came down by 0.46% from the opening price of ₹134.67 at midday, hovering at around ₹134.05. The stock plunged early on to ₹130.98 and then rose to ₹134.06 before arriving at the midday figures. There was an initial positive momentum seen for the stock, with reports about its Dutch subsidiary transforming operations. However, 1,600 job cuts are proposed as a part of this plan, and it could still impact share prices by the end of the day.

The closing prices on 9th April were also lower than the opening prices by 2.16% and it remains to be seen whether the trend will repeat itself today (11th April). 

11th April, 2025 / 9:30 AM

Tata Steel share prices opened at ₹134.67 today (11th April), which is a whopping 5.88% more than the closing price of ₹127.18 on 9th April. This comes as a welcome development for investors, especially after the closing prices on 9th April came down by 2.16% from the opening price of ₹130 on the day. There was a block deal of 2.09 million shares that may have led to this slump on the day. 

At the same time, the company has also announced a transformation of its operations in the Netherlands, with 1,600 jobs proposed to be cut as a part of the process. It could have an impact on the stock prices by the end of the day. 

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