This Tata Group company gave 250% return in 1 year
If you invest money in the share market, then this news can be beneficial for you.
New Delhi. If you invest money in the share market, then this news can be useful for you. Even after the Corona crisis, metal stocks remained in high demand in the stock market, especially steel stocks have seen tremendous growth. Tata Steel, the steel manufacturing company of the Tata Group, made its investors rich in the last one year and more than tripled the investors’ money in 1 year itself.
250% jump in a year
The stock of Tata Steel has gained about 250% in the last one year. While the Sensex has gained only 56% during this period. On June 17, 2020, its share price was Rs 318.10, which has reached Rs 1133 today. However, today its shares closed at Rs 1105.50 with a fall of 3.21% on NSE.
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Will replace ONGC
Global brokerage firm Jefferies has given buy ratings to Tata Steel stocks and has given a target price of Rs 1500 per share for its stocks. That is, the company can give 36% return to the investors. CLSA has also given buy ratings to Tata Steel and has given a target price of Rs 1362 for its stocks. Apart from this, Tata Steel will be included in the BSE Sensex. The company will replace ONGC.