Tata Steel Share Price Rises On Positive Operational Trends

Tata Steel Ltd.'s shares rose nearly 2% on Thursday after the steel maker pointed towards positive operational trends during its Annual General Meeting.

Operationally, Tata Steel saw consolidated deliveries climb 5% year-on-year to 30.96 MT in financial year 2025, alongside mining 40 MT of iron ore in India. This solidifies their domestic raw material position.

The company plans further investments in mining assets to boost capacity and has confirmed the Kalinganagar blast furnace is fully operational, with an additional 5 million tonnes expansion planned.

Netherlands operations are targeting significant cost reductions of €500 million in financial year 2026, and the UK operations are anticipated to achieve positive Ebitda in 2026.

While steel margins remain pressured by high supply despite declining coking coal prices, Tata Steel expects coal prices to remain range-bound and its spreads to remain constant.

Tata Steel stock rose as much as 1.75% during the day to Rs 168.7 apiece on the NSE. It was trading 0.58% higher at Rs 166.8 apiece, compared to a 0.32% advance in the benchmark Nifty 50 as of 10:21 a.m.

It has declined 5.34% in the last 12 months and 20.92% on a year-to-date basis. The total traded volume so far in the day stood at 3.5 times its 30-day average. The relative strength index was at 64.

Twenty two out of 34 analysts tracking the company have a 'buy' rating on the stock, seven recommend a 'hold' and five suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 164, implying a downside of 1.9%.