Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Tata Steel Ltd gained strong market attention after its share price touched a new 52-week high of ₹220.85 on 13 May 2026, supported by firm buying interest and positive technical momentum. The stock rose 4.17% during the session and outperformed its sector, signaling renewed confidence after a short-term decline.
The broader steel, sponge iron and pig iron sector also moved higher, rising 3.1%, which added support to Tata Steel’s rally. The stock is currently trading above key moving averages, including 5-day, 20-day, 50-day, 100-day and 200-day levels, reflecting a bullish trend.
Tata Steel has also delivered a strong one-year return of 46.69%, compared with a decline in the Sensex over the same period. The company’s earnings performance remains supportive, with positive results for four straight quarters and strong profit growth in recent months.
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