Tata Steel traded at 214.50 this Friday May 8th, decreasing 2.59 or 1.19 percent since the previous trading session. Looking back, over the last four weeks, Tata Steel lost 4.53 percent. Over the last 12 months, its price rose by 50.23 percent. Looking ahead, we forecast Tata Steel to be priced at 206.67 by the end of this quarter and at 193.21 in one year, according to Trading Economics global macro models projections and analysts expectations.
TATA Steel Limited is a diversified steel producer. The Company is engaged in the business of steel making, including raw material and finishing operations. The Company's segments are Steel and Others. Its operations predominantly relate to manufacture of steel. The Others business segment comprises tubes, bearings, refractories, pigments, port operations and town services. Its products include flat products, including hot rolled, cold rolled, metallic coated, direct rolled, tubes, pre-finished steels, packaging steels, electro plated steels, electrical steels and narrow strip; construction products, including structural steel, floors, walls, roofs, modular and building components; agricultural implements, and bearings. It offers auto assembly components, ball bearings, tapered roller bearings, magneto bearings, clutch release assemblies, fan support assemblies and cylindrical roller bearings. Its brands include Tata Structura, TISCON, Tata Shaktee, Tata Astrum and Tata Steelium.