Tata Steel shares reached the 14-year top level on Thursday. Earlier this week, Tata Steel became a company of over one lakh crore rupees. Tata Steel shares rose to Rs 953.10 on Thursday. In the previous session, its shares had closed at Rs 922. In fact, the possibility of a sharp rise in metal prices in the global market has increased the prices of Tata Steel shares. Analysts say that it may increase further.
Tata Steel at new height after 14 years
Earlier, Tata Steel shares reached an all-time high of Rs 914 on October 29, 2007. But after this, due to the fall in metal prices in the global market, this stock was a constant underperformer. But in view of the rise in metal prices in the global market during the transition of Corona, its shares showed a rapid pace. It has caught the attention of investors after the rise in the prices of Tata Steel shares. From this, further growth in its shares can be seen.
Hope for the best performance even further
Analysts say Tata Steel shares are bullish. Jefferies has increased Tata Steel’s target from Rs 915 to Rs 1125. He has preferred Tata Steel over JSW. In the last six months, Tata Steel shares have risen 146 percent, while the Nifty has risen 26 percent. Analysts say that in the long run, this stock can go up significantly. Currently, this stock can trade at 975-1000. The company’s shares are expected to rise 25 percent right now.