with a market cap of 108,228 crore, Tata Steel Limited is a large-cap corporation dealing in the ferrous metals segment of the country. One of the most globally diversified steel companies in the world Tata SteelWith an annual capacity of 34 million tonnes per annum (MnTPA) for crude steel production. The Board of the Company has declared a record day today for the purpose of stock split.
In a BSE filing, Tata Steel has said, “With reference to regulation 42(2) of the SEBI Listing Regulations, the company has set Friday, July 29, 2022, as the ‘record date’ for the purpose of determining the eligibility of shareholders. The object of sub-division/division of each fully paid-up equity share of face value of Rs.10/- (Rupees ten only) into the share capital of each company, ten (10) fully paid-up equity shares Rs.1/- (Rupee One only) each, as approved by the Shareholders in the 115th Annual General Meeting of the Company held on 28th June, 2022.
Shares of Tata Steel fell 1.64 percent compared to the previous close 900 and settled on 885.25. The stock is down 28.57 percent over the last year, and so far in 2022, it’s down 22.51 percent on a year-on-year (YTD) basis. The stock has fallen 24.28 per cent in the last six months and 15.27 per cent in the last month. However, the stock has gained 3.45 per cent in the last five trading days and has reached the highest level of the day. 919 (2.08 percent) and intraday low 880.5. (-2.2 percent) in business today. Stock had 52-week high on NSE 1,534.50 on August 16, 2021, and its 52-week low 827 23 June 2022. Tata Steel trading on shares 885.25, down 42.31 per cent from the 52-week high and up 7.04 per cent from the 52-week low. The stock is trading above the 5-day moving average but below the 20-day, 50-day, 100-day and 200-day moving averages as on today’s closing price.