With a market capitalization of Rp108,228 crore Tata Steel Ltd. is a large-cap company operating in the ferrous metals segment in the country. One of the most globally varied steel companies in the world is Tata Steel, with an annual capacity of 34 million tons per year (MnTPA) to produce raw steel. For stock split purposes, the company’s Board has declared a record day today.

In the BSE filing, Tata Steel said “In connection with Regulation 42 (2) of the SEBI Listing Regulations, the Company has set Friday, July 29, 2022 as the ‘Record Date’ for the purpose of determining the eligibility of Shareholders for the purpose of distribution/distribution of each one common share (equity) fully paid which has a face value of Rs. 10/- (Ten Rupiah only) each in the Company’s share capital, to ten (10) fully paid ordinary (equity) shares having a nominal value of Re. 1/- (one Rupiah only) each, as agreed by the shareholders at the Company’s 115th Annual General Meeting of Shareholders held on June 28, 2022.”

Tata Steel shares were down 1.64 percent from their previous close Rp900 and settled in Rp885.25. The stock has fallen 28.57 percent over the past year, and so far in 2022, it has lost 22.51 percent year-to-date (YTD). The stock has fallen 24.28 percent over the past six months, and 15.27 percent over the past month. The stock, however, has gained 3.45 percent over the last five trading days and hit a daily high Rp919 (2.08 percent) and the intraday low Rp880.5. (-2.2 percent) in today’s trading. The stock’s 52-week high on the NSE is Rp1,534.50 on August 16, 2021, and the lowest level in 52 weeks was Rp827 on June 23, 2022. Tata Steel’s shares are trading at Rp885.25, which is 42.31 percent below the 52-week high and 7.04 percent above the 52-week low. The stock is trading above its 5-day moving average but below its 20-day, 50-day, 100-day and 200-day moving average based on today’s closing price.

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