Today, on 7th April 2025, Tata Steel experienced a drop of 9% in its share prices. Analysts and market experts say the plunge could be due to the company’s tax order for its 2019 financials related to Bhushan Steel. Such assessment orders can waver investor confidence, leading to a decline in share prices.
Today, Tata Steel shares started in the market at Rs. 128.00 and are currently down by 9% compared to the previous session’s close (Friday) of Rs 140.39.
Tata Steel Share Price in Today’s Market
At 10:50 a.m., Tata Steel traded at Rs. 127.72 a share. It is nearly 8% lower than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 159,739 cores; the UC Limit is 147.41, and the LC Limit is 119.33.
Company Financials
For the third quarter of FY 2024-25, ending on 31st December, Tata Steel reported a consolidated net profit of Rs 327 crore, marking a 36% decline from Rs. 513 crore in the same quarter of the previous year. Its revenue from operations stood at Rs. 53,648 crores, 3% down from Rs. 55,312 crore in Q3 FY24. The company reported an 8.4% increase in demand for Tata Steel products in India.
Recent News About Tata Steel
- The Planning Committee of the Neath Port Talbot Council gave Tata Steel permission on 19th February 2025 to build a cutting-edge Electric Arc Furnace (EAF) at its Port Talbot complex in the United Kingdom.
- With the help of £500 million from the UK government, this £1.25 billion initiative seeks to safeguard high-quality steel production, save thousands of jobs, and cut on-site CO₂ emissions by 90%.
- Fitch Ratings stated in March 2025 that aggressive tariff measures and cheaper imports from China threaten Indian steel prices, especially Tata Steel’s. Domestic steel prices in India have decreased due to the flood of Chinese steel, which is being pushed by a slowdown in China’s real estate sector.
Tata Steel Share Price Target
Experts predicted on Trendlyne that Tata Steel Ltd. has an average target of 160.57. The consensus estimate represents an upside of 26.53% from the last price of 126.90.
Should You Buy, Sell, Or Hold?
Trendlyne’s analysts are divided between holding and buying the shares. On MoneyControl, 47% of analysts recommend buying the shares, 27% recommend holding, and 13% suggest selling. Before investing in Tata Steel, consider its long-term performance and consult your analyst to make the perfect move.
