Hindalco Share Price and Tata Steel Shares NSE India
On Tuesday, a lot of people wanted to buy shares of Tata Steel and Hindalco because a company called Macquarie said they were good to buy. Macquarie also said other companies in the same business were good to buy. They said Tata Steel shares should be worth Rs 162 each instead of Rs 146 before, and Hindalco shares should be worth Rs 597 instead of Rs 570 before. You can see the whole list of companies here.
Highlights
Hindalco Share Price
The current share price of Hindalco Industries Ltd. stands at ₹534.30 on the BSE (Bombay Stock Exchange) and ₹532.55 on the NSE (National Stock Exchange) in Indian Rupees (INR). Notably, its 52-week high reached ₹620.50 while its low touched ₹381.00. With a market capitalization of approximately ₹1.19 trillion INR, a PE ratio of 12.56, and a dividend yield of 0.56%, Hindalco Industries Ltd. has maintained a significant presence in the iron and steel sector.
The last trade occurred on March 19, 2024, at 02:04 PM IST, with a volume of 7,909,060 shares traded. Given the dynamic nature of stock markets, it’s essential for investors to stay informed about both market trends and the performance of the company.
Tata Steel Share Price
The current share price of Tata Steel Ltd. stands at ₹149.35 on the BSE and ₹149.70 on the NSE. Providing additional insights, the stock has reached a 52-week high of ₹159.15 and a low of ₹101.55. The market capitalization of Tata Steel amounts to ₹1,76,891.6 crores, with a dividend yield of 2.4% and an earnings per share (EPS) of ₹7.8. As for the price-to-earnings ratio (P/E), it is currently not applicable based on available data.
Tata Steel operates within the Iron & Steel sector and has been gaining attention from investors. It is crucial for stakeholders to remain updated on the company’s performance. However, it’s important to acknowledge that stock prices are subject to fluctuations, underscoring the necessity for careful consideration and informed decision-making when engaging in investment activities.
About Hindalco Ltd
Hindalco Industries Limited, part of Aditya Birla Group, is a leading metals company in Asia. It specializes in primary aluminium production and flat rolled products through its subsidiary Novelis. In India, it dominates the aluminium downstream market and is the largest copper producer, serving various sectors globally. With operations across bauxite mining to downstream products, it boasts a global presence with 17 manufacturing units, 21 mining operations in India, and 33 overseas units in 9 countries. Employing over 68,500 people, Hindalco prioritizes value-enhancing growth and strong ESG commitments.
About Tata Steel Ltd
Tata Steel Limited is the 10th largest steel producer globally, with a turnover of US $32,836 million in FY 2021-22. Established in 1907 in Jamshedpur, India, it operates across five continents with over 65,000 employees. Focused on innovation, sustainability, and people, Tata Steel has manufacturing facilities in India, the UK, the Netherlands, and Thailand, with raw material mines in India and Canada. In India, it operates an end-to-end value chain, sourcing most raw materials from captive mines. In Europe, it has two steel manufacturing facilities and a presence in South-East Asia. Despite challenges, Tata Steel showed strong performance in FY 2021-22, with broad-based growth in India and robust performance in Europe.
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