Tata Steel in limelight

Tata Steel is in the limelight today, buzzing with over 2.5 lakh shares changing hands till now. The stock, which had closed yesterday at Rs.1319.25, opened today at Rs.1335 and went up to an intraday high at Rs.1358.45.

The market is pretty pleased with its decision to split shares. The Board, when it meets on 3rd of May to consider the results for Q4 and FY22 plus dividend, is also taking up a proposal for sub-division of the Equity shares.

Currently the face value is Rs.10 and it is to be split “in such manner as may be determined by the Board of Directors, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the company.”