Why Tata Steel Stock Fell 4.50% Today?

Tata Steel Limited, a share of the Tata Group, has seen a decline of 4.50% in trading today. Tata Steel was established in India in 1907 as Asia's first integrated private steel company. Along with this it also developed Jamshedpur, India's first industrial city. Today, it is one of the leading global steel companies. It has an annual crude steel capacity of around 20 MnTPA in Indian operations and we recorded a turnover of INR 91,037 crores in FY21.

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Shares of leading steel makers such as JSW Steel Ltd, Tata Steel Ltd, Steel Authority of India Ltd, and Jindal Steel Ltd witnessed a sharp decline today. Tata Steel Ltd closed 4.50% down at 105.05, JSW Steel closed 3.22% lower at 642, Steel Authority of India fell 4.40% to 78, and Jindal Steel was the highest with 5.19% fell down. 383 to close on each.

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Earlier, the Russo-Ukraine war led to a rise in the prices of major steel stocks. Now steel stock prices are falling as a result of poor demand for steel internally and from China. Last month, these steel stocks gave investors between 8 and 16% returns.

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Tata Steel Stock Outlook

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Tata Steel Market Capitalization

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Tata Steel Return

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Tata Steel Q1 results

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About Tata Steel

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