Tata Steel Share Price: Tata Steel recently entered into a long-term contract with Air Water India Private Limited (AWIPL).
Shares of Tata Steel continue to surge for the sixth consecutive day on Wednesday and gained around 3 per cent to touch the fresh 52-week high of Rs 187 in the early trade. The stock started the trading session at Rs 183, up from its previous close of Rs 181.85, on the BSE. Amid a spurt in trading volume by more than 1.13 times, the stock gained 2.83 per cent to touch the high of Rs 187. Last seen, the stock held firmly in green at Rs 185.90. The market cap of the company stood at Rs 2,32,192.03 crore. This is the second consecutive day that the stock has hit a fresh 52-week high.ย
Stock has been gaining over the last six days, rising 8.06 per cent in that period. Technically, the stock trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
What’s behind the rally?
The main reason for the rally in Tata Steel’s stock is that multiple brokerage firms are bullish on the company, with some upgrading to ‘buy’.
Tata Steel Share Price History