Tata Steel share price: Tata Steel shares are deteriorating.

Tata Steel shares of Tata Group are in constant news. In the last few days, these shares continue. The stock declined by more than 3 percent on Tuesday. It has reached Rs. 30.20. In the last five days, more than 3 percent, this year, the decline has increased by 5 percent. The company’s market cap has now come down to Rs 1.62 lakh crore. The Tata Group Share on 13 January this year at the lowest level of the 52-week.

According to trading data available in the stock exchange, the Tata Steel company stacks the stock market on Tuesday morning. Started at 133.00.

Causes of shares

US President Donald Trump will soon impose 25 percent tariffs on steel and aluminum imports in the US, which is a steep decline in the shares of the metal company. According to analysts, shares have fallen by the US President’s steel and aluminum imports to impose tariffs on imports. Trump’s latest decision to apply 25 percent tariffs on steel and aluminum has more impact on countries such as Mexico, Brazil, South Korea and Vietnam.

The stock fell 5.17 percent in a year. In technology, the Tata Steel Stock Relative Surji Index (RSI) is at 51.3. This indicates that there is no business in overbott or oversold zone.

Brokerage opinion

Brokerage firm Motilal Oswal is neutral on Tata Steel Share. Motel Oswal has set a target price of Rs 140 on Tata Steel. However, Axis Securities has been given a purchase rating on Tata Steel Stock with a target of Rs 155. Global brokerage company JP Morgan continued overweight on stock with a target price of Rs 155. Global brokerage Morgan Stanley continued the rating on the stock with a target price of the rupee.

Note: This is not an investment advice. Investment in the stock market is at risk. Consult experts and invest on their advice.