Earthquake in this stock of Tata, fell to Rs 140, do you have a share?

Tata Steel Share Crash: The possibility of trade war has increased worldwide after US President Donald Trump imposed tariffs on various countries including India. Its impact has also been seen on the Indian stock market. The Indian stock market is seeing a decline in metal shares. On Friday (April 4), the shares of the leading steel company Tata Steel fell by nearly 9 percent. At the end of the trading, the share price fell from Rs 153.35 to Rs 140.

Notice to Tata Steel
Meanwhile, Tata Steel said that he has been asked to reevaluate his taxable income for FY 2018-19 and added Rs 2,000 crore to it. Order has been received to increase Rs 25,000 crore. The company has filed an appeal against this order in the Bombay High Court. Explaining the issue, the company said that it had acquired the then Bhushan Steel Limited (now Tata Steel BSL Limited) through insolvency proceedings in May 2018. Tata Steel has got a capital gain of Rs 25,000 crore due to this acquisition. Loans worth Rs 25,185.51 crore were waived. Later, TSBSL and Bamnipal Steel Limited merged with Tata Steel Limited, which would be effective from November 2021. The merger was scheduled for April 1, 2019.

expert
Tata is excited about Steel shares. JP Morgan had set a target price of Rs 180 for this stock. According to JP Morgan, some investors have not fully understood the announcement of German’s infrastructure funds and the possible positive effects of growth in European steel spreads. Global brokerage firms believe that European business of Tata Steel is also giving positive indication. Brokerage has increased its GDP estimates by 8–11 percent for FY 2026-2027.