Shares of Tata Steel gained more than 2% amid rising prices of the alloy
· The steelmaker has rallied over 6.5% in the last five sessions, in excess of 10% in the past month, and nearly 90% in 2021 so far. It has recorded hefty volume of 66 lakh shares traded on NSE today.
*TATA STEEL BSL HIGH 109.70. Returns 369%*. The merger ratio (1:15) is not favourable to tata bsl share holders at prevailing price. Safe investors please take exit on rise (cmp 91.60)
Sell Tata Steel BSL it may correct upto 75-80 range due to merger with Tata Steel. Merger Ratio is 1:15, One tata Steel share for every 15 shares of Tata Steel BSL. Considering current price of Tata Steel fair value of Tata Steel BSL comes around 80.
Metal stocks momentum may continue on hope of China demand...Expects positive for Tata Steel, SAIL, Hindalco, Jindal Steel, JSW Steel
Metal stocks are witnessing fresh buying after a fall in the last few sessions. Strong quarterly results announced by SAIL and hope of improved C......read more
Industrial #metals following a range-bound trend on Thursday as the market is awaiting European Central Bank’s monetary policy decision and U.S. consumer inflation. LME #Copper is trading in the range of $9900 - $10000......read more
BUY Tata Steel BSL --> NSE (Positional Short Term)
Only Above @ 47
******Tata Steel BSL Limited, formerly known as Bhushan Steel Limited, is the largest manufacturer of auto-grade steel in India. Tata Steel BSL Limited, with a large amount of debt in proportion to it......read more