Today again there has been a rise in the share prices of Tata Group company Tata Steel.
Shares of the company rose by more than 1.67 percent to reach the level of Rs 152.95 on BSE during the special trading session on Saturday.
This is the company’s record high. Earlier on Friday, the share prices of Tata Steel had seen a rise of more than 6 percent.
On Saturday, shares of Tata Steel opened at the level of Rs 152 in BSE. But then after some time it reached the level of Rs 152.95.
This is the first time that Tata Steel has been successful in crossing the Rs 150 level. The market cap of the company is Rs 1,90,060.41 crore. Let us tell you, the 52 week low level of Tata Steel in BSE is Rs 101.65 per share.
Experts Bullish (Tata Steel Target Price)
According to a Business Today report, Avadhoot Bagkar, an analyst associated with StoxBox, says, “Tata Steel’s breakout was Rs 147.40 per share. Now this stock can go to the level of Rs 175 to Rs 185.”
Experts have fixed the stop loss at Rs 135 per share.
Riyank Arora associated with Mehta Equity says that Tata Steel looks bullish. The share seems to be gradually reaching Rs 153 to Rs 160. Its target price is Rs 200 to Rs 225 per share.
Are long term investors rich in stock market?
During the last 6 months, the share prices of Tata Steel have seen a rise of more than 15 percent. At the same time, investors who have been holding shares for one year have made a profit of more than 45 percent so far.
During the last 3 years, the company’s share prices have seen an increase of more than 104 percent. At the same time, investors who have held Tata Steel for 5 years have gained more than 194 percent so far.
(This is not investment advice. The stock market is subject to experts. Before making any investment, definitely take the advice of experts.)