This steel stock in your portfolio jumped more than 7 per cent today

Metal stocks have been buzzing for a long time now! However, there’s a particular steel stock, which has given around 28.85 per cent returns in the last one month.   

Wondering as to which metal stock are we talking about? 

Well, Tata Steel has gained more than 300 per cent in the last one year thereby, becoming investors’ favourite. On Friday, the scrip jumped by more than 7 per cent, touching its all-time high of Rs 1,192 per share.   

Tata Steel extended gains for several consecutive days now, as analysts continue to maintain a ‘buy’ rating on the scrip, following robust Q4FY21 earnings from the company. Further, Tata Steel is assumed to continue to deliver strong earnings in the current fiscal year (FY22) as well, on the back of firm commodity prices.   

As a matter of fact, the scrip has rallied by 83.85 per cent on a YTD basis.  

Tata Steel Limited is a diversified steel producer and is engaged in the business of steel making, including raw material & finishing operations. While its operations predominantly relate to steel manufacturing, its other business segments comprise tubes, bearings, refractories, pigments, port operations, etc.  

On Friday, the stock of the company closed at Rs 1,182.35 per share, up by 7.43 per cent or Rs 81.80 per share. Its 52-week high and 52-week low is Rs 1,192 & Rs 262.55, respectively on BSE.