Tata Steel shares surge 2% on rating upgrade
Moody's has also changed the outlook of Tata Steel from ‘stable’ to 'positive.'
Moody's has also changed the outlook of Tata Steel from ‘stable’ to 'positive.'
Tata Steel share price dropped 3.3% to ₹96.55 on Tuesday, hitting its lowest level since the stock turned ex-date for a 1:10 stock split on July 28, 2022.
Shares of Tata Steel gained as much as 1.4% to ₹974 on the BSE as the steel maker posted better-than-expected results during the June quarter of 2022.
Tata Steel stock price jumps nearly 3% as the steel maker shared plans to invest ₹12,000 crore on its operations in India and Europe during the current financial year.
Shares of Tata Steel rose nearly 3% in opening deals after its board proposed a 10-for-1 split of the steel major’s equity stocks.