Tata Steel Closes 0.41% Higher at ₹136.97, With Focus on Strong PAT Growth Outlook

16th April, 2025 / 3:30 PM

Tata Steel share prices have rounded off the day at ₹136.97, with this closing price being   0.41% higher than the opening price of ₹136.41. Interestingly, this was the same as the closing price on 15th April as well, while the opening prices on this date were also higher than the closing price for 11th April. The closing trends today indicate that the company has arrested the midday dip by 0.51% from the opening price when it touched ₹135.71.

The prices first came down to ₹134.90 in early trading before hitting a peak of ₹136.07 and then settling at the midday figures. The stock has been in focus ever since forecasts came out about the possible growth of 34% in the company’s PAT (profit after tax), with PL Capital reports putting it at ₹1,060 (year-on-year). There’s also news about the company completely transforming its operations in the Netherlands, which may also impact share prices in the near future. 

16th April, 2025 / 12:30 PM

Tata Steel has been making headlines for undertaking a transformation of its Netherlands operations and also for shifting focus towards Indian growth opportunities. PL Capital has also forecasted 34% growth in PAT (profit after tax) for the company sometime earlier, as investors look forward to its Q4 financial results. Yet, at midday, the stock was trading at ₹135.71, indicating a dip of 0.51% from the opening price of ₹136.41 today (16th April).

Interestingly, the opening price was the same as the closing price yesterday (15th April). The prices came down to ₹134.90 sometime earlier before peaking at ₹136.07 and then coming down to the midday prices. 

16th April, 2025 / 9:30 AM

News about Tata Steel’s forecasted PAT growth of 34% to ₹1,060 crore (YoY) by PL Capital has failed to shore up the stock prices today. The prices have opened at ₹136.41, which is exactly the same as the closing price yesterday (15th April). The latter was higher than the opening price of ₹135.60 for 15th April though, while the closing price on 11th April stood at ₹133.42. 

It remains to be seen whether the trend will go upwards or downwards for the stock, which has also been in the news for revamping its Netherlands operations and a shift in focus towards growth opportunities in India. 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here