TATA Steel Share: Tata Group’s steel manufacturing company, Tata Steel, may consider the stock split proposal next week on Tuesday, May 3. Along with this, the board of directors of the company can also consider the dividend recommendations for the financial year FY 22. In fact, recently Tata Steel had said in its regulatory filing that the meeting of the company’s board of directors would be held on Tuesday, May 3, 2022. On this day the company will announce the financial results of the firm for the quarter ended March 31, 2022.
What did the company say?
Tata Steel said that the proposal for sub-division of equity shares of the company with a face value of Rs 10 each would be considered. Generally, the number of outstanding shares increases during a stock split. Whereas the price per equity share becomes proportionately cheaper. Subdivision of shares enables improved liquidity and makes stocks more affordable for investors.
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company shares
Shares of Tata Steel are currently at Rs 1,270. Shares of Tata Steel have seen a rise of around 24% in a year. Whereas shares of Tata Group have gained over 12% so far in 2022 (Year-to-date or YTD). On the other hand, Tata Steel shares have given returns of up to 12 per cent this year. At the same time, this stock has given a return of more than 200% in the last five years.