Tata Steel Shares Update: On the first trading day of the week, amidst a huge fall in the Indian stock market, this giant share of Tata Group saw a great rise. Let us talk about the share of Tata Steel. Actually the share of Tata Steel can be split.
Tata Steel’s board meeting on May 3
Issuing a press release of Tata Steel, it has been said that the board meeting of Tata Steel will be held on 3 May 2022. In which the results of the fourth quarter ended March 31, 2022 will be announced along with considering the sub-division (division) of the shares of the company. In the board meeting of the company, dividend for the financial year 2021-22 ended on March 31, 2022 will also be announced. The company said in its statement that in this board meeting of the company, the proposal to split the shares of face value of Rs 10 of the company will also be considered under the rules.
Tata Steel shares jump
The stock market is liking this news. This is the reason that despite the sell-off in the market, Tata Steel shares were seen buying. Due to which the share of Tata Steel saw a rise of more than 2 percent. The share of Tata Steel went up to the highest of Rs 1358 in intraday. At present, the share of Tata Steel is trading at Rs 1338 with a rise of 1.41 percent.
Now the face value is Rs 10
The face value of Tata Steel’s stock at present is Rs 10. In the board meeting of Tata Steel, it will be decided in how many parts it is divided.