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Tata Steel Nears 52-Week High Amidst Bullish Momentum
6 Jan
Summary
- Tata Steel stock price is nearing its 52-week high of Rs 187.
- Analysts recommend a 'Strong Buy' with an average target price of Rs 185.70.
- The company has a history of bonus issues and dividends, with a 2% yield.
Tata Steel, backed by the Tata Group, is showing robust performance, with its stock price nearing its 52-week high of Rs 187 as of January 5, 2026. The company's stock saw a significant rally of approximately 41% over the past year, and has started 2026 on a strong note, gaining nearly 2% in early Monday trade. This upward momentum reflects broad-based buying in the metals and mining sector.
Market sentiment towards Tata Steel remains highly positive. According to MarketsMojo, the stock's technical trend has shifted to mildly bullish, with its Mojo Score upgraded to 84.0, earning a 'Strong Buy' grade. Analyst consensus from Trendlyne, based on 32 experts, also indicates a 'BUY' recommendation, with several brokerages like ICICI Direct and Motilal Oswal suggesting higher target prices of Rs 210.
Further reinforcing investor confidence, Tata Steel has a consistent history of rewarding shareholders. The company has delivered 28 dividends since June 2003, with the last 12 months showing a payout of Rs 3.60 per share, resulting in a dividend yield of 2%. Its corporate actions also include a bonus issue in August 2004 and a stock split in July 2022.
