Tata Steel Vs JSW Steel Share Price | Policy change, Tata Steel and JWS Steel shares will benefit – NSE: TATASTEEL
Tata Steel Vs JSW Steel Share Price | The stock market was trading with gains on Tuesday. National Stock Exchange's Nifty also closed at 24,213 points with a gain of 218 points. Shares of steel companies also remained in focus due to discussions about changes in the policy of the Central Government. Tata Steel Ltd shares rose 3.75% to Rs 152.45. JSW Steel Ltd shares closed 4.57% higher at Rs 998.50.
anti-dumping duty
The central government announced to increase anti-dumping duty on steel from 7.5 percent to 12 percent. Since then there has been a rise in the shares of steel companies. This proposal is being considered by the Union Finance Ministry and a decision is likely to be taken soon to protect the domestic steel industry from cheap imports. There are also reports that the central government is considering tightening quality checks on imported steel.
Jainam Brokerage Firm – JSW Steel vs Tata Steel
Experts of Jainam brokerage firm have given positive rating to JSW Steel and Tata Steel shares. According to Jainam brokerage firm, JSW Steel will give better returns than Tata Steel shares. As per JSW Steel stock chart pattern the stock breakout moved from Rs 980-900 levels and after the breakout, it moved around Rs 1060-1080. Jainam brokerage firm expert said that the share of JSW Steel remains at this low level around Rs 1140-1180. We have also stopped above the 100-day moving average. Also, the current market price of the share looks good.
Jainam Brokerage Firm – JSW Share Target Price
Experts of Jainam brokerage firm have given a target price of Rs 1050+ to JSW Steel share. Also advised to set stoploss of Rs 940. On Thursday (07 November 2024), the stock was trading at Rs 991 with a decline of 1.72%.
Tata Steel share got BUY rating
Stock market experts have given BUY rating to Tata Steel shares. According to experts, the average score of Tata Steel share is 7. 29 experts have advised buying in Tata Steel shares. According to stock market experts, Tata Steel shares can give returns of more than 36 percent to investors. On Thursday (07 November 2024), the stock was trading at Rs 151 with a decline of 1.73%.
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