Tata Steel upgraded to Buy; Anand Rathi sees 24% upside Tata Steel jumps 3.13%, hits fresh intraday high JFE buys 25% in Kalinga Steel for ₹7,875 crore Europe steel market struggles for direction
Tata Steel shares rose 3.13% on April 1, 2026, closing near the day’s high of ₹200.05 after a strong gap-up opening. The gain came after two consecutive losing sessions, signalling a sharp recovery in investor sentiment. The stock also moved above its 5-day, 20-day, 50-day, 100-day and 200-day moving averages, indicating stronger technical momentum and renewed buying interest. Even as broader markets remained supportive, Tata Steel’s move stood out for its strength and resilience. While some near-term indicators are still mixed, the stock’s ability to trade above key averages suggests the rally is being viewed as more than just a short-lived bounce. For steel sector watchers, the latest move puts Tata Steel back in focus as traders monitor whether the momentum can continue in the sessions ahead.
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