Tata Stock Under Rs 200, Tata Steel Share Price Target 2024: Tata Steel, a Tata stock under Rs 200, is on the radar of market expert Nooresh Merani. He has recommended a BUY rating on Tata Steel shares.
Nooresh Merani said that Tata Steel presents a strong set up and that it could be a good buy at the current market price. According to Nooresh, the risk-to-reward ratio is favourable.
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Tata Steel Share Price Target 2024
Nooresh Merani said that Tata Steel shares can delivered a return of 10 per cent in the short term. The target set by Nooresh Merani for Tata Steel shares is Rs 180. He advised to maintain stop loss at Rs 158.
Tata Steel Share Price History
Tata Steel is a constituent of S&P BSE SENSEX. According to BSE analytics on May 14, Tata Steel shares have delivered a positive return of 17 per cent to its investors in the last three months. The Tata stock has climbed 36 per cent in the last six months and 54 per cent in one year.
Tata Steel shares have delivered a multibagger return of 251 per cent in the last five years, as per analytics.
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Tata Steel Dividend History
Tata Steel has a handsome dividend yield of 2.18 per cent. According to BSE website, Tata Steel had in 2023 paid a dividend of Rs 3.60 on each stock to its investors. In 2022, Tata Steel rewarded its investors by paying a whopping dividend of Rs 51 on each stock. The Rs 51 dividend was paid just ahead of the stock split (10:1 or 10 for 1).
Back in 2021 and 2020, Tata Steel distributed a dividend of Rs 25 and Rs 10, respectively, on each stock.
Tata Steel commands a market cap of Rs 2,06,476.14 crore as on May 14, according to BSE website.
