“Jindal Steel has become an extremely attractive buy at this price, along with Tata Steel. Other than steel, Hindalco and Hindustan Copper. If you have a three-month period, these stocks can give a 20% return as both ferrous and non-ferrous have come back on the table with China spending and the und…

Piramal Pharma may double in a year; 4 metal stocks can give 20% return in 3 months : Sanjiv Bhasin

Among the Sensex firms, Tata Motors, HDFC Bank, ICICI Bank, HDFC, Bajaj Finserv, Reliance Industries, Hindustan Unilever, Larsen & Toubro, Asian Paints and Tata Steel were the major laggards.Sun Pharma, Titan, ITC, IndusInd Bank, Tech Mahindra and Power Grid were among the winners.”

Stock markets halt three-day gaining streak on weak global trends | The Financial Express

Indian steelmakers, including Tata Steel, SAIL, JSW, and others, have raised concerns over the shortage of railway rakes for transporting iron ore and raw materials. Steelmakers are urging the Steel Ministry to address these issues promptly.

Indian steelmakers express concerns over rake shortages impacting raw material transportation

Motilal Oswal recommended Neutral rating on Tata Steel with a target price of Rs 110 in its research report dated May 17, 2023.

Neutral Tata Steel; target of Rs 110: Motilal Oswal

Tata Steel is doubling its domestic capacity to 40 million tonne from 21 mt by FY30.

Tata Steel - Capacity Expansion To Drive Growth: Motilal Oswal

Among the Sensex firms, Bajaj Finance, Axis Bank, Bajaj Finserv, Tata Steel, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Nestle, HDFC and Bharti Airtel were the biggest gainers

Markets bounce back after two days of fall amid rally in global equities

INOX Air Products will invest Rs 1,300 crore to set up two air separation units having capacity of 1,800 tonnes a day each at Tata Steel’s plant in Dhenkanal, Odisha, company’s Managing Director Siddharth Jain said.

INOX invests in Tata Steel’s Dhenkanal plant to set up air separation units

The units will separate these gases from the air and supply it to the steel plant, Jain said, adding that the project is expected to be commissioned by March, 2025. When asked about the details of the partnership, he said his company has signed an agreement with Tata Steel for 20 years to supply oxy…

INOX Air Products investing Rs 1,300 cr to set up air separation units at Tata Steel’s Dhenkanal plant

Vedanta has the highest dividend yield at 26%, while Bajaj Auto and TCS have a yield of only 3%.

Highest dividend-yield large-cap shares: TCS, Bajaj Auto, Vedanta, HCL Tech, Tata Steel, more | The Financial Express

HDFC Bank led the turnover chart on NSE. The stock saw a turnover of Rs 1,822.91 crore as 1,09,64,419 shares changed hands on the counter. The scrip was up 0.83 per cent at Rs 1,666.85.

South Indian Bank, YES Bank, Tata Steel shares see surge in volumes; Tata Motors, Infosys stocks see high turnovers

Tata Steel sees enough growth opportunities within its existing facilities to actualise an expansion plan to achieve 40 million tonne capacity in India by 2030, almost double of its current capability in the country, CEO and Managing Director T V Narendran said.

Enough opportunities to take capacity to 40 MT in India: Tata Steel CEO

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

TATA Steel Limited is a diversified steel producer, engaged in the business of steel making, including raw material and finishing operations.

Tata Steel Ltd