Going forward, the Tata Steel board will consider the. The board will consider a proposal to split its equity shares bearing a face value of Rs 10 apiece, the company stated in an exchange filing. For traders, the 200-day SMA (Simple Moving Average) of 1700 would act as immediate resistance levels. Tata Steel Stock Split: Tata Steel Ltd (TSL) in its forthcoming board meeting of the company on May 3 will consider the sub-division of equity shares. The short term trend is looking positive but due to temporary overbought situations we could see some profit booking at higher levels. Technically, the Nifty has formed a long bullish candle on daily charts which is largely positive. Domestic giant Tata Steel on Wednesday said it has inked a pact with a Bengaluru-based startup for drone-based mining solutions for effective mine management. Established in Jamshedpur (India) in 1907, the Company took shape from the vision of founder Jamsetji N Tata and is today one of the worlds most geographically-diversified steel producers. Hindalco shares surged over 10 today whereas that of Tata Steel, JSW.
Investors feel that RBI too may not sprung any major surprise in the next week's monetary policy meeting on hopes inflation will see a downward curve going ahead. Tata Steel Limited, with revenues of US 22.67 billion in FY 2019, is a leading global steel company with an annual steel production capacity of 33 MnTPA. Metal stocks have been gaining momentum since the past few sessions. The upbeat mood also had a rub off effect on the domestic market, leading to buying in banking, IT, metals and realty stocks. Indian benchmark indices outperformed their Asian peers on the last day of the current month expiry, as there was no surprise in the rate hike decision by the US Federal Reserve which came on expected lines, fuelling a rally in the US markets.
Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities: Unlocking opportunities in Metal and Mining.Financial Results for the quarter and financial year ended March 31, 2022. Life Insurance Made Simple Pharma Industry Conclave Newspaper advertisement Results (English) Auditor’s Report.
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