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Tata Steel expects to spend Rs 16,000 crore on capital projects in FY24, drawing attention to its shares

The shares of Tata Steel are in the spotlight after the Tata Group company announced it planned to spend a total of Rs 16,000 crore on capital projects for its domestic and international operations this fiscal year. 

The metal stock increased 0.48 percent on BSE to settle at Rs. 114.25 in the previous session. In comparison to the previous BSE close of Rs 113.70, it reached an intraday low of Rs 113.85. 19.74 lakh shares of the company were traded in total, resulting in a turnover of Rs 22.54 crore. The Tata Group company’s market capitalization was Rs. 1.39 lakh crore. The stock has increased 26.71% over the past year and 14.21% over the past 12 months.

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