Tata Steel Share Price Today on 04-11-2024: Tata Steel share price are down by -1.84%, Nifty down by -1.27% | Stock Market News

Tata Steel Share Price Today on 04-11-2024: Tata Steel share price are down by -1.84%, Nifty down by -1.27%

Tata Steel share price today

On 04-11-2024, Tata Steel share price fell by -1.84%, while the Nifty was down by -1.27%. The stock opened at ₹120.50 and closed at ₹118.10. The intraday high was ₹121.30 and the intraday low was ₹117.80. The stock has been on a downward trend since the beginning of the year, and has lost over 20% of its value during that time.

Reasons for the fall in Tata Steel share price

There are a number of factors that have contributed to the fall in Tata Steel share price. These include: * The global economic slowdown has led to a decrease in demand for steel. * The company's high debt levels have raised concerns among investors. * The company's exposure to the Chinese market, which is currently experiencing a slowdown, has also weighed on the stock price. * The recent announcement of a rights issue by the company has also put pressure on the stock price.

Outlook for Tata Steel share price

The outlook for Tata Steel share price is uncertain. The global economic slowdown and the company's high debt levels are likely to continue to weigh on the stock price. However, the company's recent announcement of a rights issue may provide some support to the stock price.

Disclaimer

This article is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.