Tata Steel shares bounce back after a 52-week struggle
Tata Steel shares: The Tata Steel scrip shot its 52-week high of Rs 124.30 on January 19, 2023. The metal share has lost 1.55% this year.
Tata Steel shares have bounced back 23% from their 52-week low of Rs 95, reached on September 28, 2022. The Tata Group’s metal scrip was trading at Rs 117.40 in today’s trade on BSE.
The Tata Steel crip shot its 52-week high of Rs 124.30 on January 19, 2023. The metal shares have lost 1.55% this year. On the other hand, Tata Steel stock has earned 11.76% in a year. The Tata Steel stock has risen 5.62% in a year. The shares have delivered stellar 173% profits in the last three years.
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Tata Steel’s share in the current trade touched an intraday low of Rs 116.50 against the last close of Rs 116.85 on BSE. A total of 6.44 lakh stock of the company changed hands, amounting to a turnover of Rs 7.53 crore. The market limit of the Tata Group company sank to Rs 1.43 lakh crore.
Concerning technicals, the relative strength index (RSI) of Tata Steel was at 48.2, signalling it’s neither trading in the overbought nor the oversold zone. The shares have a beta of 1.2, meaning high yearly volatility. Tata Steel stocks are trading higher than the 50-day, 100-day, 150-day, 200 days but lower than the 10-day, 20-day and 30-day moving averages.
