India's Tata Steel hits 2-month low

TISC Co

27/09/2022 08:34

** Tata Steel Ltd's shares  TISC.NS  down as much as 3.36%
at 96.5 rupees, their lowest in two months
    ** Stock heads for second session of losses; is the biggest
loser in Nifty metal index  .NIFTYMET , which is down 1.2%
    ** Co last Friday said board approved amalgamation of Tata
Metaliks  TMET.NS , Tata Steel Long Products  TTST.NS , Tinplate
Co of India  TINP.NS , TRF  TTRO.NS  with the steel maker
 urn:newsml:reuters.com:*:nFWN30T2YN
    ** More than 60 mln shares traded, vs 30-day moving avg of
63.6 mln shares
    ** Twenty-one of 30 brokerages rate the stock "buy" or
higher, 4 "hold" and 5 "sell" or lower; their median PT is 124
rupees- Refinitiv data
    ** TISC shares down 10.2% this year, as of last close, vs a
4.7% gain in metal index
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com; Mobile: +91 6001289066))