Tata steel share price : Profits up 47%, Brokerage increased target
Tata steel share price 2022: Friends, the stock market continues to rise and fall. At present, the price of Tata share price has risen. Tata is the largest steel company in the country. Their profit rose 37.3% in March 2022, There has been a net profit of Rs. 9,756.20 crore. Compared to last year, there has been an increase of 46.83%. At present, the stock of Tata is trading at Rs.1204 with an increase of 9.85%. This news is very important for you if you are investing in Tata Group.
Tata Steel : World’s largest steel companies
Tata is the largest steel company in the world. Which has yearly production capacity of 34 million tone per year. Tata is one of the top five steel companies. A year ago, Tata’s share price was Rs.585. Then it reached Rs.1534. Then the stock market fell and its price fell slightly. Then again the price went up.
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How much return can you get if you invest in Tata steel?
CLSA has been advised to buy into Tata Steel. In which return up to 50% can be obtained. The tata company has also reduced its debt. Tata’s performance in countries like Europe has been special for some time now. Steel prices may rise in India and Europe.
Tata steel share price: 2022 year has doubled the money
Tata is a company that has doubled its investor money. All investors have got 100% return this year. The tata stock has given a return of around 250% in 5 last years. Tata Steel’s company profit has increased nearly 7.5 times in the September month. The company had a profit of Rs.1665 crore from the first year. Total expenditure of the Tata steel company increased to Rs.47,135.28 crore.
The target price of this share has been kept at Rs.1700. This is a good opportunity for you if you want to invest in Tata Group. You can get up to 25% return this year. Many stock market experts are advising to invest in Tata steel company. This is because of the rapid growth of the company.
what is stock split?
The company is also planning to split its shares in May 2022. This matter will be considered. And a meeting will also be held for them. When the share price of a company goes up and the average investor cannot invest in it, the company decides to split the stock. So even if the number of curry shares increases, its value does not change. So that the investor can invest in that company. So Tata is also considering splitting its shares.
When a company splits its shares, then the share price of that company also increases. So that the investor invests more in it. splitting shares is beneficial for the investor. And the number of their shares also increases.